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I’ve cashed in once qualified for divi.
Had hoped Aviva might have had a look but still expect further consolidation in this sector, maybe L&G . Hope so I hold both.
Please ignore as not relevant to RSA, and apologies to all for using this as a means of contact.
Wolfbag2, I am 'aegos' [a corruption of ageos] and have no connection with anon1234. I am a geoscientist and former CEO with 50 years experience in global exploration geology.. Click on AGEOS and scroll back to Oct 13. 2018 for beginning of OMI coverage. Best of luck with your investments. No need to respond.
@ Geordie1962... Yep... once upon a time an £8 share (£40 in todays money), solid as a rock.... an awful merger, a couple of poor CEO's and a no blame culture later .... Mr H has done well to get it this far but for any long term holders, even with the dividends/scrip issue etc there's hardly a CGT liability here... A tenner would have been better...
Thanks CynyC..... I haven’t been in this situation before so I feel a bit thick !
Are you saying that, if I do nothing, my shares will automatically be bought by the new company for £6.85 and my account just credited with the proceeds of the sale ? Thanks again.
"So I just wait for a communication which will arrive in due course ?"
No. If you sit on your hands, your shares will automatically be transferred to the new company and your share account credited with the full amount of offer value with no additional charges.
If the offer falls through the shares will drop like a stone!
You could consider selling a chunk now and then ride it out with the remainder, although you will incur some trading costs.
GLA
Hi Wolfbag... I wonder if you can help me ?
So then, if I hold on to my shares, will I receive an offer to buy them from me for £6.85 at some point ( assuming the sale goes ahead ) ? So I just wait for a communication which will arrive in due course ?
Thanks so much
Bang on agent x20 looked back at my buying history prices, this was a price when things were not going well and now we have been listening to the hymns n praises of how Rosey ?? things look surely £9 to £10 is achievable??? I vote no ... Not that my vote counts lol xxx
£6.85 - that's only £1.37 in old money... for a long term holder far too cheap .. as per my last .... a tenner ( please) ...
Mathsman, Wolfbag2,
Thank you for your input!!
You explained very clear...
Niki
In essence -
i) an offer has been made for your shareholding 685p per share
ii) it is just that - it is an OFFER - with no guarantee at this point that it will be fulfilled
iii) a dividend of 8p has also been declared - I think its fair to say that element is pretty much nailed on but you need to be a shareholder at ex-div date 12th November and that will be paid - 8p will come off the SP at that point anyway but not off the offer price
iv) further bids may be forthcoming - if so then the share price could increase
v) if the offer lapses or is not accepted at a shareholder EGM then the SP will most probably fall back
vi) if the offer is accepted then there should be no dealing charges and 685p/share will be credited to your account at some point in the future (they will RNS a timetable in due course)
vii) If any counter offers by other interested parties are received then higher offers may be made and the SP will increase
The decision and judgement is yours and yours alone - do you hang on and hope the sale goes through for 685p/share - there is a chance that due diligence means that the offer is declined or doesnt go thru - in which case the SP will possibly return to previous trading levels 450-500 - OR should you sell quick now (656 as we speak) and bank some quick profit its all a matter for your personal risk appetite and personal circumstances - there is still possible up and down sides - its the reason we all play the game.
Don't think there is a definitive answer to that.
Sometimes one bid will flush out another higher one, but not always.
The old maxim is that it's never wrong to take a profit so if you have one then you're in a good place. Consider how much more there is in it if you wait and whether if meanwhile while you wait for the payment the money might do better
elsewhere.
My own experience leads me to favour the bird in the hand method.
.
Hi, I'm very beginner.
The takeover, SP rising. what will be happening..so please advise, should sell here or keep even after ex div?
£6.85 and get the interim dividend. I doubt we`ll get anymore than that in this current climate! great to finally get a takeover bid on one of my UK shares this year
Really ? 685 not enough ??
hi all
was there any gossip there was a takeover imminent?
and do you think there could be more than one emerging in the future?
Bring it on, the sooner the better, been stuck with these dormant shares for years
Holding a large chunk of prefs here. Wonder what will happen those.
Hopefully the offer will not happen,I prefer the dividends every year , I guess won't be popular with that veiw
Nice reward for the patient. Need a bit more though - 750p would do it for me.
The Proposal comprises 685 pence in cash per RSA share, plus payment by RSA of the announced interim dividend of 8 pence per share (the "Interim Dividend").
At 685p per share a no brainer.
Think they will move up significantly on the basis of q1 results - excellent imv.
Yeah indeed and a bigger share rise than I expected in one day, let's hope it doesn't drop away too much before end of trading as it frequently does.
was today
Some nice large share buys 'after hours' on Friday, maybe a pre-cursor to the SP moving a little higher?.