I am happy with the way matters are moving here.

what a fantastic drop in price - this is great news - fantastic buy in for day trade and beyond - yeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaa

auction lol

now it gets interesting!

stop losses being triggered big time

what a bargain!!

trend heading towards bounce

Just had a dabble @221.67

gl skinny - it would be rude not to!!

auto trades flying through and being mopped up

lol when the dust settles people will realise they have got a 5.2billion additional acquisition in at a cost of a 2billion rights issue - now unless i am thick that is good business even if ri @ 122 - this was a strategic necessity - unfortuhately many stop loss casualties on the way

but they can buy back when they catch up

7 for 6 @ 122 do me fine - got to be in it to get it!! lol

bouncing a bit now

at last people are waking up - sp heading north - blimey that took some time! gla

skinny - kerrrrrrrrchinnnnnnnnnnnnnnnnnnggggggggggggggggggg

gl

auction

today better!!!

well chuffed - what a result today - yeeeeeeeeeeeeeeehaaaaaaaaaaaaaaa

skinny did you sell today or still hanging on - gl

I had a limit in which didn't get hit - so I'm still in.

Graham Ruddick, 6:16, Wednesday 19 October 2011

The chief executive of G4S (Other OTC: GFSZF.PK - news) will fly to America on Wednesday in an attempt to secure backing from key shareholders after City analysts warned his 5.2bn deal to buy ISS is at risk of being voted down.

On Tuesday, G4S was hit by a string of downgrades as analysts expressed concern at the amount of debt the security group will assume, how it will manage 1.2m staff, and why the group, based in Crawley, West Sussex, is moving away from its strength in security.

Analysts at Citi raised the prospect of G4S shareholders rejecting the deal and the 2bn rights issue which will finance it, upgrading their rating on the company partly because the acquisition could collapse.

Nick Buckles, the chief executive of G4S, is understood to be travelling to the US to meet key investors such as Harris Associates, BlackRock (NYSE: BLK - news) and Marathon Asset Management, who are top 10 shareholders.

The leading investors in G4S were quiet on the deal on Tuesday but shares in the group recovered 9.8pc, or 21.6p, to 241p. G4S shares crashed by 22pc on Monday after the company announced it wanted to buy the cleaning and catering provider ISS.

Copenhagen-based ISS is owned by EQT Partners, the private equity arm of Sweden's Wallenberg family, and GS Capital Partners, Goldman Sach's investment division. G4S will pay the investors 1.5bn in cash and shares, leaving them with a stake of 11.3pc in the enlarged company, and assume 3.7bn of debt.

The prospectus for the deal shows ISS has lost money on a pre-tax level for at least the past three years, despite revenues of more than 7bn, because of financing costs on the debt.

Citi said it was basing its 300p target price on G4S not acquiring ISS and adding "75pc of attending votes at the November (Stuttgart: A0Z24E - news) 2 emergency general meeting [EGM] are required to approve the 390m G4S share issue to ISS's vendors. With EGM attendance unlikely to reach 100pc, perhaps only 15pc to 20pc of outstanding equity would be needed to block the transaction."

David Brockton, at Espirito Santo, warned: "From an opportunity/cost perspective, the acquisition of ISS will limit the group's ability to deploy capital to accelerate growth in other business areas, with faster underlying growth eg emerging market security. As such, we are yet to be convinced that the end justifies the means."

hi dc - yep i have heard that today too but others at citi disagree - depends who one asks really - bit of a debate going on

the yes camp at citi are citing synergies etc - the no camp the obvious in the box stuff

its up in the air from here!!! monitoring closely

gl skinny