By Cynical Bear | Tuesday 9 May 2017
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Great news from Sepura (SEPU) this morning as the rollercoaster deal with Hytera continues with the announcement that the UK government seem minded to allow the deal to proceed. Just the pesky Germans to deal with now. I feel the skills of Dean Gunnarson are needed now. Who’s Dean Gunnarson you might ask, quite understandably. Well, read on….
First, let’s get the news out of the way.
This morning Sepura announced that:
“The Secretary of State for Business, Energy and Industrial Strategy has announced that, subject to the outcome of a period of public consultation which closes at 5.00 p.m. on Wednesday 10 May 2017, he is proposing to accept statutory undertakings set out by the parties involved in the Acquisition. This acceptance of the statutory undertakings would avoid the need to make a reference to the Competition and Markets Authority for a more detailed investigation into the Acquisition.”
This is excellent news as I find it hard to believe that a two-day public consultation will uncover any issues so this looks like the green light to me. The share price has jumped nicely this morning as a result up 25% to 12.75p.
If it wasn’t for the German announcement last Friday that I covered HERE, this deal would be almost home and hosed which must be enormously frustrating for Sepura’s shareholders. I urge everyone to get on to their MP to call a halt to this German politicking nonsense.
But what’s this got to do with Dean Gunnarson, I hear you ask?
Well, last weekend, when my young daughter got hold of the remote control when she was getting a bit bored with the IPL, she flicked over to something dreadful, presumably on ITV3, called something like ‘When Magic Goes Wrong’ which featured incredible feats of an escape artist called….Dean Gunnarson.
His speciality appears to be to fly off to far flung parts of the world where health and safety is not quite as paramount, namely China, and allow himself to be shackled to the tracks of a rollercoaster and then try and escape before the rollercoaster hits him at 100mph! It’s hard to watch without looking through your fingers to a certain extent.
You can Google yourself but to save you time here is one of his Youtube clips.
It reminded me of this whole Sepura – Hytera saga. Just when one handcuff gets unlocked, there’s still another limb that needs to be unleashed and with time running out, one wonders whether it will be able to release itself from that last shackle before being obliterated to smithereens by China’s version of the, aptly-named, Oblivion.
Unbelievably, to-date, Dean has largely escaped unscathed, although he was clipped once as he dived off the tracks which smashed his ankle to bits. I suspect that if the Sepura shareholders get away from this farce with a mere broken ankle then they will have had an absolute result!
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