The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Thank God was getting very low on funds and was not expecting it .
From below looks like a takeover at 800p ( took a year )
Must of been news of it when I topped up the two extra buys in August & September 2021
First in 18/1/21 425p.
5/8/21 bought at higher price of 725p .
20/9/21 715p
840p was old target ( hit 839p 3/9/21 )
3157 in got 4280 + 1123 approx 35%
I feel sad that today one of my largest holdings is no more. A great British company at the forefront of technology is now gone. I worry that many more will follow with the falling pound and American desire for high tech.
I've had a message which says, if the takeover is approved in court on 9th September, the money should be paid around 26th September.
to shareholders I mean
When is the money to be paid? Asking for a friend.
It will include any and all shares held, regardless of the time they were acquired
Morning all. Does anyone know if the £8 per share offered to shareholders when the takeover is complete only relates to the shares you held at the time of the announcement or will it also include any shares accumulated up to the completion date?
Thanks.
A 70%+ premium was a fantastic outcome for PIs. Anybody who bought after the initial offer was taking a gamble, sometimes it works out as with Morrisons, sometimes it doesn't.
.... actually held here for about 7 years ..... until more recent times nobody much posted here & that included you as well as me LoL
I had resigned myself to pretty much awaiting for recovery here until the PH offer finally pushed me into a reasonable profit made better by the Transdigm interest..... apart from that not much bothered about whether you believe my selling or not..... thought it was a shame people may have got suckered into paying over £8 a share only for the rug to be pulled out from under them typical poor outcome for PI's & it was that news that prompted me to post here, whether or not it was the first time on this share or not & guess what I probably won't be posting here again as I have no remaking interest in it....
Don't think you've been on here before BANNOR so not sure why you've suddenly appeared gloating about your alleged sell, why not mention it at the time ?
the parker bid, when it came initially, was already talked about as being full. its was very unlikely transdigm, which operates more like PE, would be able to extract significant value on top of the ones parker was seeking at 8 quid. the parket bid all things being is equal, will probably go through, but the noise from the uk government will ensure the shares wont see the takeout price until close to when the bid is set to complete.
i sold at £8.30 or so after buying sub £3.00. No brainers. But the sp just spiked back up! odd. Any reason??
V glad I sold out at £8.30 a few weeks back .... the time frames & uncertainties made it a no brainer for me .... sorry for any +£8.00 buyers that are now caught nursing potential &/or realised losses .... almost makes you wonder whether the Transdigm 'potential' bid wasn't intentionally thrown into the ring for some purpose.....
https://www.ft.com/content/89685f28-136e-43d8-8a5d-08991bd13ab5
Parker Hannifin, the US industrial group in talks to buy British aerospace and defence company Meggitt, is willing to extend initial commitments to protect jobs and investment, the chief executive signalled on Wednesday.
That's a shame but will focus minds on the 800p bid . we should start seeing SP get back up towards thats price. I do wonder what the major shareholders will think about the aborted bid as the RNS clearly comes across as MGGT were not very open or supportive of the higher bid.
topped up and 2% up already :)
Yess... SP is rising!
TransDig won't bid
why the big drop - what news?
Anyone buying? We still have 800p bid.
I have also sold today, again a good profit I also think there is no real guarantee that either of these bids will succeed so the down side is a major risk.
Good luck to all the holders.
Ticking back up nicely here. Continuing to hold.
The UK Takeover Panel on Monday set a deadline of September 14 for TransDigm to make a formal bid or walk away.
https://www.ft.com/content/c7c81016-61c4-4f65-b33b-e16d3b427297
On the front page of the FT tomorrow morning
Transdigm has given strongest indication yet of an incoming bid. Unfortunately I do not have a subscription to access the rest of the article.
Still holding!