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Happy birthday Rory - 104, wow. Thought I was a bit past it - 81 tomorrow - guess I'm just starting out in life. Have a nice day and go easy on the bottle. Joe
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 - !!!!!
to your hats..!!
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.
Thanks redgetz. Ok I'm going to sit it out and watch this one get back into the ftse 100. I appreciate your time and help.
I sure that I read that we will be in the FSTE100 which will help boost the SP. not sure myself but
Not sure how you are working out the share merger values but you should not be out by the amount you mention. As an rough example -- If on the 6th you have 500,000 DXN shares at a value of 52.21 worth £261,050(current price approx) and CPW is at 337.4 then you should have 77500 new shares worh about £261,485 -- That would be a an actual increase if my calcs are right but I have to say I don't know how they work the new share price - it is a merger of equals so maybe it is the value on the close of DXNS 50% + CPW 50% divided by total new share numbers - still would work out about the same. Anyone with good info feel free to post. As I mentioned before the 2 shares have been tracking each other closely since the merger announcement - sort of self regulating I presume or else one side could get a better deal.
I have a large shareholding. Following the information sent to me by Dixons Group with the share allocation information, then following several people's formulaes on here to estimate current value of the new shareholding, I'm significantly down once the merge completes (I'm talking 10, 000's), so not minutely high or low as the deducter suggests. Therefore my questions were based around any previous experience of companies merging and the result of the share price, plus how to calculate the share price. I appreciate everyone's help, thanks. So really at the moment I'm better off out but who knows in another 12 months where DCP will be. I'm new to LSE chat. I didn't realise I needed to have a bit of a cocky attitude though. I left mine in the playground with my pigtails. Thanks again everyone.
When they merge you will have a reduced number of shares - the value will be the same as before the merger - give or take a few pence. What happens to the share price then is anybodies guess. I have been in for years and am now 100% up and although frequently temped to sell (it's not profit until you have the cash) I am still holding out as I think the future now looks good. Might go down a bit but I expect it to rise short to medium term.We have the prospect of a dividend in the foreseeable future, economies are looking better, management team was good and CPW people are no fools . However make your own mind up, do your own research and if you are in profit and want to keep it then there is only one way to guarantee that. Good luck anyway.
leave, I'm staying. There might be a pull back post merger but it is not very likely. The future is wrapped up in this newly formed company. As for dixcpw I fail to understand his point, maybe he has not got one?
I am following everyones formulas here and getting quite a significant drop in value of my holdings if I wait until 6/7th August. Concerned.
Hello again my dear friend Drax - as you and a few others know, I am 104 this year and yet you have still managed to come up with a word that had me popping into google - Succinct - a word that does you proud and indeed describes my little offering quite superbly - I for one will look forward to your further contributions - bytheway, is it a good idea to stay with this one during the conversion chaos, or perhaps to pop out just before, wait a while, then pop back in when all the confusion has settled down !!! - Have a good night - Cheers - Rory -
agreed.. I like..
It has been a while since we saw that, hopefully we are now on the road?
Pythagoras could hardly have been more succinct.
The opening price of the new shares is governed by the closing price of the shares in both companies at the time of cancellation. The value of your shares in the new company will be minutely higher or lower depending on whose shares you hold but the difference will not be worth worrying about so sleep easy.
Hi - some recent posters on here have expressed a wish to know how many new Dixon Carphone plc shares they will be holding come the conversion day on or around August 7th - This information from the Share Centre should make it very easy - Times the amount of Dixons shares that you hold by 0.155 and you have the answer - ie...If you hold 10,000 Dixons shares at the moment then times 10,000 by 0.155 and you will have 1550 Dixons Carphone plc shares to enjoy - Hope this helps settle the nerves - Rory -
Thanks Guys, thats clearer now...Im in for the very long term guys. CMON Dixon
Relax, redgetz is completely correct. Rises are good for your pocket, sit back and enjoy. You have been here a long time now.
The share split ratio has been set, not the value of the shares . Since then the 2 shares have been tracking each other. Any share rise now will be kept and reflected in the new share price..
Please correct me if I am wrong. Why are people getting exited about any rises today, my understanding is it wont make any difference untill after 7th Aug as the price for the merger has been set?
A rough way to calculate is to add Dixons and Carphone market caps together and divide by double the number of Carphone shares currently in issue, which at todays prices would be £3.29 / £3.30.
Correct Great rise today-let's hope it holds