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Same as that all gone and replaced by 714 DOLE as Ash had calculated. Seems to be stabilising and will hopefully float on up from here! GLA.
TOT has now gone and Dole shares have just appeared in my ISA without losing the wrapper happily. Despite the disappointing IPO and further fall to $15, imo these are a hold for now. I agree value will out eventually. It's a strong business.
Timing, just very unfortunate timing. It will take 4 to 6 good quarters before the real value is noticed.
GLTA
Cheers Ash, btw what’s your view, Masters of the Universe just got it wrong? Or more serious issues? Thanks.
5,000 will give you 714 DOLE plc shares. The exact figure is 714.2857. Not sure if you will get a cheque for the odd amount.
Sorry to ask again if this has been addressed already, but if I have 5000 of this babies, how many DOLE shares will I get?
It's a bit of a disaster. I suspect that there is still time to pull the IPO however it will cost millions in fees. Our day in the sun will come however it will be a few years unfortunately.
IPO valuation reduced. read RNS.
What’s causing this drop? Everyone stopped eating fruit?
Very positive article in to-days issue of The Phoenix.
exchange of shares, **************, share swap
On the face of it, TOT shareholders lose the ISA wrapper on completion don't they? Because the ************** (TOT to Dole plc) takes place before the Dole plc IPO, and Dole plc is presumably ineligible to be held in an ISA before it lists.
Sell now and buy Dole plc when it lists perhaps, to preserve the ISA wrapper?
Does anyone know the answer to this?
Possibly a mistake, but today sold my holding in Del Monte. However, Dole / Total Produce seems to have further to go.
looks like this will take off really on us market. Already well above the minimum level €2.15 indicated back in February
Just checked, the spread in London is 10.59%. Why would anyone trade at these prices, better to trade in Dublin, far lower spread and there is much better liquidity.
Hopefully news soon. Share price seem to jump late on on low volume so may fall back as quick to 2.06range in Dublin. If news lands will be positive though.
Great finish in Dublin, €2.115. IPO news very soon.
Still trading, main listening is Euronext Dublin. Very small turnover on London listing. SP up slightly this morning.
"Per the Agreement, Dole plc's completion of an initial public offering and a listing on a major U.S. stock exchange is a condition for completion of the Transaction (the "IPO"). In connection with the Transaction, Dole plc intends to target raising US$500 to US$700 million in primary equity capital to strengthen and de-lever the combined balance sheet. Upon completion of the U.S. listing of Dole plc, Total Produce will cease to be listed on Euronext Dublin and the London Stock Exchange."
We are all waiting!
Just wondering as the share price has been static for some time - is this because trading has been temporarily suspended? cheers!
Eggshead, your calculation looks correct however sometimes plans go south.
I buy into the Total/Dole story, however I have a long-term price at which I would probably exit. You have to leave something for the buyer.
GLTA
Firstly the following is not my work. The share price of €2.15 is based on a p/e of 7.6%. The average p/e of similar US listed companies is an average of 12.05%. If we were on that p/e our price would be €3.40 which is $4.07.
So if we are at that price after 4 quarters I would be very happy.
However any bad news after we list then all bets are off. Management have a lot to loose so I am not expecting any bad news.
Once float goes ahead without a hitch which is always a risk this could trade immediately at the equivalent of 2.70-2.80 euro. What do you think yourself. As for next 12 months after that well that's a hard one hopefully move up from there gradually one would think. What do you think yourself. I am still confused on one issue i.e. once our 100% holding is converted do we get the equivalent same 100% value in new $ entity which would mean an immediate uplift from current price say 2.10 to say 2.70 i.e. 30% apx. Am I corerct in that scenario? i.e. if you owned €100 you would then have €130
Everyone has gone very quite, all still invested? Further update must be due in the next couple of weeks. The recent news on borrowings & finance costs going forward was very good.
Any thoughts on the $ share price in 12 months?
GLTA
Official close in Dublin (Euronext) €2.06