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Phoned H&L earlier after getting the scheme message in my secure inbox, and registered my vote, along with checking a few details, and whilst i was on the phone, the chap checked this partial share issue, and apparetnyl they will pay the fraction of a share in cash along with the 37p per share. So, that's nice, i can almost get one free trade out of that. Plus, our shares should be in place in time to be eligible for the CLIN Divi.... a massive 0.3%
Taking that into account, and my trading fee for selling the CLIN shares when i get them, means that i would need to sell the CLIN shares at �11.29 to break even in this deal and get the full value of the offer based on the QP shares being valued at 82p each, and to hit the same value if i was to just sell my shares, i'd need to get 0.837 for the QP shares
nice to see them shafting us to the last penny.... my holding results in an uneven calculation when multiplying my holding by .0405 Resulting in a .877 of a share mis-match..... so they are rounding down to the whole figure (from the official message in my H&L account) and effectively just ignoring that .877 of a CLIN share, which equates to �9.73p roughly, based on each CLIN share being worth �11.10 as per the agreement.
I wonder if this hasn't run it's course yet. i'm gonna hold till the fat lady sings, and see how things play out, i've got nothing to lose so to speak
Another party increasing their holding.
well i'm still holding, but am wondering at what point it will become more beneficial to get out earlier and not be locked in waiting for the sale and transfer of the CLIN shares.
Not at all. Note the shorts in clin that are going to be caught in a short sqeeze. This could be in for a sudden jump soon.
84.81p offered to sell, that's tempting anyone else jumped ship early ?
Question.... do you think our shares in CLIN be issued and on the books by the time the Ex-Dividend date rolls around ? According to this http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/CLIN/13378038.html that would be the 9th of Nov, not that it makes much difference because they are paying a measly 5p on the year (3.4p of that on this upcoming dividend) which on a share of this cost (circa £11) is basically less than half a percent, which is pretty p!ss poor. Looking at the price of CLIN, even a £1.90 rise would only yield the same sort of increase as QP going to 90p, and i know which i would have put my money on doing before the end of the year!! i'll probably let the deal go through take the free shares and as soon as i can get a little more than the deal price i'll be out, unless i need money before the cut off date, which has still to be confirmed right ? but right now it's looking like a long drawn out process.
interesting someone said earlier about "if the CLIN share price rose to 1300, it would equate to a 90p QP deal price" well, that would be a 1.90 rise for CLIN, versus an 8p rise for QP, i know which i would have expected, and to be honest i may get out before the cut off point, just for the simplicity of it
Their SP is going down. What a surprise.
Merryl lynch increased their long from 10% to 12%. Some major activity here. They obviously buy in that this is a great deal for Quantum. Reckon theres a lot more to go here. Get a statement from clinigen on thursday when we get their full year results. I wonder what that may be.
If people think QP price will go up then can it go past 82p or are they gambling that when they get CLN shares they will go up?
There has been a jump in the long positions taken here. Have a look at the latest RNS's. Large increases in position all around.
It is tempting now to sell QP and buy Clin shares?
Yes the offer is for a fixed amount of clinigen stock and some cash. If clinigen were to go to around 1300p the offer would be worth 90p
Sorry to be thick but why are people buying here and how can the offer go to more than 82p. Is it because the Clinigen share might increase above £11.11
Obviously very bullish as just increased their long from 8% to over 10%. I can see this offer being worth 90p+ by the time it tskes effect.
I was always going to invest my cash back into clin. Its far better to put the cash in while the share price has dipped. Thats why i sold.
The 82p assumes clin is at 1111p. At 1030p the offer is only worth 78.25p. I sold at 77.87p but converted the lot into clin. When clin reaches 1111p and im sure it will it will be equivalent of an 85p offer. If clin reaches 1200 which is quite possible the offer will be worth 37p plus 48p or around 85p while my shares will be worth equivalent of 93p offer.
rylidan cannot see why you've done what you say. I'm assuming you've forgone 5p? of the 82p on offer as you sold out. Selling at 77p and with CLIN. off the 1111p used to value the offer how can this be beneficial or more advantageous than collecting the full 82p and whatever CLIN. climb to.
Decided the Clin price is as low as it's going to go. So I've cashed in and transferred the lot to Clinigen. Currently it's more or less parity with the offer, and my 37p cash is now invested Only risk is that the offer gets rejected, but as it has BoD approval it seems unlikely Cheers all
We are now very closely tied to the clin share price. The initial exedus of quantum PIs taking early profit was probably the cause of the dip in the clin shareprice. Results for clin on 28th sept will drive both the clin and qp. Share price. My guess is that these will be good and our offer price will exceed 90p all in. Also it may be that Chris Riggs has this inside information, and is one of the reasons why the BoD are recommending the takeover.
i'm not sure, way over my head and knowledge/understanding, but as someone pointed out, it's an interesting way to potentially buy into CLIN at a possible small discount, or as robins speculated cynically, it could be funds buying in to support CLIN as they are invested there and it would make sense to protect them. I still can't beleive we have had nothing from the BoD or Rigg directly, other than the statement in the CLIN offer RNS
Merrill Lynch now increasing their long position.