Hi All - especially Whoozzee and Deducter...I think you all may have gathered by now that I am not quite 104 - just yet - being a bit of a tease there - but I often feel it - I have done exactly what I touted a few days back - have got out at 51.15 which I was happy enough with - went down thereafter which always makes you feel better - I will certainly be back in as soon as the excitement of the conversion period has settled - Have popped into PDL having taken advantage of the big crash yesterday, after it had soared previously following some excellent results - must be almost certain to recover from yesterdays big fall - big seller was forced to sell their holding which makes a big difference in how the city will see the sale from here on - Cheers - Rory -
Hi All, especially Drax and Whoozzee - formerly known as themanwithnoname - simply cannot believe how quiet this BB remains - however, this staedy if unspectacular rise on rise, so far, in recent days is very welcome ! - I may pop out around Thusday ish just to allow the coversion excitement to settle and see where we land shortly afterwards - just fear that sellers will be out there for a short while during all the possible confusion - though, of course, I fully understand every aspect of it myself !!! - GLA - Cheers - Rory - now 104 - Happy Birthday to myself - !!!!!
Thanks for that - sounds right. Anway good week after the ups and downs recently - hope it stays up. Looks like the shorters are getting out, Lone pine seem to be gone and shorts are 1.82%. Best look my portfolio has had for a while with this finish so off for a BBQ and some beer to celebrate. Have a good weekend.
Redgetz-I think your calculations are OK.If the merger had taken place yesterday,my calculatios were as follows:= Carphone Warehouse = 336.50 per share -Market Capitalisation £1,938.47 mil. Dixons =51.95 per share -Market Capitalisation £1,902.39 -Value of new company£3,840.86 mil. Dixons new shareholding will be 3,661.97mil x.155 = 567.65 shares. Carphone shares in existence = 576.07m shares Total shares in new company = 1,143.72mil. Divide value of new company by number of shares =£3.35 per share My current Dixons shares 10,000 @ 51.95p =£5,195.00 My shares in new company 10,000 x .155 =1550 @£3.35 = ££5,192.00 You should in theory be no better or no worse off when the 2 companies merge.
Good luck - Although I totally understand anyone getting out at a near 5 year high no matter what the future might look like. I have frequently regretted not selling over the past years but it has always bounced back and kept on going up. Past performance though etc.
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