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its on the FT alphaville blog...but they say its got to play out...so we just have to wait. https://ftalphaville.ft.com/marketslive/2018-10-08/
Gammy Are you referring to old news, or fresh news? Thanks
ft Alphaville doesn't think its likely
Buys now at 75% on IG.
Either going to look a genius or a fool on this one.
When making buying calculation I always have the fact that I really believe in this company long term, however expecting short term pain if confirmed bids don't come in....we'll see!
Furrycoat - I wasn't planning on buying any RPC shares today, but saw that RPC had dropped significantly. I decided to sell MDC shares at a tiny profit and jump into RPC when I saw RPC at below 740p. By the time MDC was sold and I'd bought RPC the share had already climbed to 747p. If I'd been looking to buy RPC today I'd have set-up an auto buy at about 777p, but I just got lucky with the timing to top up below 750p.
Numbers, you got a good price there, I should have waited an hour. IG was showing 92% sells a while ago now at 65% buys. Fancy a steady increase in SP while we wait for news (similar to Friday) GL to you.
I've just done a small top-up at 747p. Surprised the price has dipped so much. I'm hoping it is a last ditch attempt for the shorters to drive the price down and hit some small investor's automatic "stop loss" on their RPC shares. I never expected to get a chance to get a top-up at below 750p today. If the deals come to nothing then I've reduced my average purchase price from 880p to around 820p and I'll just need to continue holding until they climb back up again...
That we have two potential buyers here. Never expected an announcement before 5pm today UNLESS it was to say that the PE guys were out.
I'm still confident of good news today. Ready to eat humble pie if I'm wrong.
Takes balls of steel sometimes to get results!
What's the meaning of the last two RNS relating the Apollo and Bain?
It is still a sound business with decent dividends.
A cheap buy for someone if they look beyond the short term anti plastic sentiment.
I am maxed out on my sharesave anyway which is locked it at a fixed price.
But any significant drop on no offer im back in tomorrow morning with a few grand more.
Its a binary decision but I suppose it depends on your average.
Certainly no rumours down at our level, in either direction.
Another 3k worth at £7.74 - I thought my days of high risk were in the past....let's see where we go from here...
Have done this on basis I believe in long term prospects of company with or without the potential bids.
Average now £6.81
...but instinct telling me that no news is good news....do I top up now or wait? Tricky one, already have quite a chunk invested here....think I'm going to top up though....Big decision!
Similar to you. If the offers come in fantastic, If not I’ve got another 3k waiting to be invested in the inevitable price crash. As a Long Termer Im happy with both potential outcomes and it’s not often you can say that!
I expect the MMs to absolutely batter the SP today, smart traders will be looking for their 10%s.
This will be up and down and all over.
After hours RNS one way or the other. As an employee and shareholder it will be a worrying one to open whichever way it goes.
Guarantee though if there is no bid the SP will crash and I will be topping up.
Statement was due today, as confirmed by RPC website. Expect it will now have to be deferred until after Market closes. Probably linked to 5:00pm deadline for potential bidders.
Whilst that would be nice I can't see it. The prevailing SP before the approach was £7ish although that was depressed. £10 more realistically if any offer is made.
With a Tuesday deadline - lets hope for really positive offer - for PIs.
Hope the shorters get well stuffed!
Good news awaits us all today / Monday. I have 20% of my portfolio in RPC and despite two reasonably large drops over last couple of days will most likely add today.
I’m looking at an offer of £11.50 ps as this is good value for any buyer and this CO is worth far more than that.
All just my personal opinion. Important to DYOR and good luck!!
was there really a £30 million buy today? Perhaps someone knows something.
Disclosure will be soon. LTHs need to sit tight.
Day traders just play.
What was your average if you don't mind me asking?
Sold half my holding today so that the remainder is in at a low price. Will kick myself if we are sold at above 10.00 but at least the downside is no longer scary.
I am an employee of RPC and had not heard the slightest sniff of these approaches. I am a lowly engineer though unfortunately.
Have a decent amount of shares so yesterday's news was welcome from an investment pov, a little concerning from an employee pov as we are still in turmoil from the RPC takeover of BPI.
Looking back, when BPI were bought out there was a circa 30% premium on the SP. Similar here would put us back around £10. Pretty much where we started at in August 2016.
Bugger.
I did not see that one coming. It looks like I jumped ship too early.
Congratulations to everyone that hung in and kept their nerve.