Hi Doze All is lost, the Buys were by SoftBank and the Sells were from Arm's own Directors bonus schemes. SoftBank is buying every share that becomes available. Sells followed by Buys and no price change. There is no counter bid, so it's a done Deal. The Big Players made a truce some time ago to leave arm alone. I am 71% up so can't complain. I would rather hold on to them and in a years time they would be could be worth more than 1700. Whether SoftBank can manage arm or not is questionable. I won't invest in SoftBank. Another one bites the Dust. So sad!
I know they used to fight each other but they are close neighbours and pragmatism rules in the commercial sphere. Son already does business there and will try and open up the market to ARM I should imagine.
As you see from my prev post Softbank is in the process of buying arm. However, I looked at the trading in arm and as you say massive Buys, but the big question is by whom? Softbank don't have to buy any cos if the the deal is approved they will get all the shares for issued for £17.00 each. I think this must be a hostile takeover attempt, so the question is can the buyer get enough shares to stop the takeover.
Lots of questions like who is selling and what is going to happen to the Sp on Monday Opening? No doubt all will be revealed on Monday.
Hi Doze, Still no sign of a counter bid and probably too late now anyway. You said "Softbank takeover and possible threat of Son working closely with the Chinese" which gave me the impression Softbank was Chinese. Can you expand on "working closely with the Chinese"? From BBC "As one of Japan's biggest mobile networks, Softbank's business has little overlap with most of ARM's customers - which may mean they won't see the takeover as a threat." Little overlap implies to me that Arm will pretty much remain independent, because of Softbank lack the knowledge to direct Arm's business. Why fix it if it isn't bust? Also "won't see the takeover as a threat." So probably no Counter Bid.
Do you have any plans of what you will do with Arm funds? I am moving to House Building (the most undervalued Sector by a country mile Imho) and would increase my holding in Sage if Per < 28 and Peg < 2.71. Others to watch agma, nano, telit, iomg and fxif.
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