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Gents
Thank you for the insight, sounds logical.
Everyone’s circumstances are different.
Thinking about it now, 0.5p could be worth it for an early exit 🤔
Thanx once again much appreciated 👍🏻
Portswigger is right. This is all very normal and typical of shares waiting for a takeover to go through. Some investors are looking at other investments and are happy to sell up just below the offer price and HIG will be happy to keep buying at just under the offer price. Only yesterday DX issued a statement saying HIG now control over 45% of the shares (up from the previous 38%) clearly showing HIG are the buyers.
I dont think there is anything strange np. Shares are sold for all sorts of reasons at any time. Two institutional shareholders have sold for their own reasons but there isn’t anything strange about it i would have thought. These processes take time and it’s likely it could be feb or even march before any shareholders see any final settlement from the offer. Anyone who sells will see it in their own interests to sell now rather than wait.
My first experience of this buyout business and so far I find it a little confusing.
Shares being sold at 46 when 47.5 is available in a few weeks, shares being snapped up and yet the price is stagnant. Strange?
Thanks for that, Harv.... Any views ln why so many large trades?... I mean why all these trades now and not done and dusted after the ex-dvd date ?
Hi all,had my nice little Divi today,what happens next,any ideas.
Email, once the takeover is declared unconditional any shares held are automatically sold at the takeover price, you can’t hold onto them.
Portswigger
Thank you for the update 👍🏻
Np. The dividend payment date already been announced.Its never done again on the day it is paid. The next news will be production of the document re offer. There really isnt anything else to see as far as i can tell.
Dividend day today, I would have thought there would have been some sort of news announcing this.
Thoughts anyone?
A reason for all this continuous flow of large buys since day one are from investors intent on holding after the delisting. But who are they? I wouldn't be surprised to discover the very people who sold off cheaply the company are involved in some shape or form
Anyone else received a message from their broker stating they have received no information on this buyout?
Along those lines.
The only thing we definitely know are large buys and no price change?
Q1 next year may be interesting 🧐
So following this conspiracy's logic, HIG gets shares at least 2% cheaper and we investors who sell to avoid waiting sells at least 2% less - adding the two sides HIG ends up with 4% better off on many millions of shares -well worth the effort of a conspiracy
Could be the new owner mopping up at a lower price in preparation for a potential rerate after take the over in the new year.
But only my thoughts 🤷🏻♂️
Lots of very substantial trades coming in and going out...They all know the score, so why all this in and out?... I would have assumed the sp would have been laying dead and just waiting for the official demise, but it seems I have been wrong... I'm not a conspiracy lover, but to have concluded a deal I don't really understand delaying the actual sale for so long, UNLESS (the conspiracy) they have planned it so that the majority of PI's would get fed up of waiting and sell off, and HIG gets the shares at least 2% cheaper.
Thanks
Excuse the grammar and spelling 🤦🏼♂️
I’m nee to this myself so not 100%.
Basics are:
Dividend paid on the 7th Dec @ 1p / share.
Actual takeover Q1 2024.
That my friend is the full extent of my knowledge.
Hi all, anyone actually know what’s happening with this take over business.thanks
Samson and Glazer it would appear
Interesting. I wonder who they are selling the 8% of floated shares to?
Morning, interested in getting your thoughts on the trade RNS'd this morning.
Is this purely to free up cash for other investments etc.
"While the current economic headwinds point to some softening of consumer-orientated volumes, the Board continues to remain encouraged about growth prospects, supported by its consistent high service level offering and the commercial opportunities available."....
So why sell - and why sell at that lousy price with all those opportunities ahead?... Please vote against
...for now, in case a counter bid comes. It ain't over till the fat lady sings!