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Unhooked, have a look at the disclosures that had to be made when an offer was in progress. Nothing big enough for a normal disclosure, so under the radar. When shorters exit you'll often see that they do a big push down first and catch stop losses. It may or may not be that. As I said, just my theory on watching shorted shares over the years.
Hmm, this is a mid cap share with 1000s of A trades every day, designed to pick up the stops from spread betters and drop the price. Not much news from the company doesn't help. Now worth less than the SDL valuation!
I'm holding and like you not investing much. At these levels though I could not resist a small purchase (only incresed by 6% of my holding). From here likely to purchase slowly if it drops further, but I will see how it goes, and the news.
Rylidan, could well be shorters but wouldn't they be entering rather than exiting?
Is RWS a heavily shorted stock? I wasn't aware that it was.
More likely in anticipation of jobs data from US.
Markets are very jittery and worried with the potential for the Russia : Ukraine war to escalate and start chucking around nuclear devices. It is difficult to discover how much more bad news there is to affect markets. At the slightest hint of good news, prices recover. Many smaller value portfolio retail investors have moved their holdings into cash - and very sensible. Others are sweating things out. I fall into the "others" category but am sitting on cash thrown off from dividends for investment at a later date.
Am in no hurry to sell or buy shares in any company at the moment. When I do, it is likely to be one whose bulk of earnings are in USD rather than sterling.
That was just a theory, no concrete knowledge. Unexplained drops like this are often caused by shorters in my experience. I wait for other news!
Ditto, shorters exiting? Perhaps they were under the 0.5% needed to notify? From the disclosures recently there were a couple shorting this.
I second that question, was just about to ask it.
Can anybody throw any light on today's drop. Not seen any news as yet?
Much to like in the half year results. Headlines for me:
"RWS remains in a strong position to make the investments announced in March, fund further acquisitions and maintain a progressive divided policy"
Half year dividend up 13%.
Good board appointment who will bring a depth of experience.
I expect yield of over 3% for this full year.
So what excitement will tomorrow bring?
No takeover and lovely sp to buy into RWS. Sadly i have no spare cash to increase my holding, surely many will jump in at this price !
Feels like this could easily retrace back over a few weeks. Might be a good one to grab now and hold. Had this on my watch list for a while.
Definitely not!! Sp down 18%+ this morning
Maybe not...
Looks like the market thinks an offer is coming....
Maybe we will get an offer.
BPEA have until 19th May to make an offer or walk away, and after today’s price rise I’m feeling a little more confident we’ll get one, but who knows with these markets.
Is something going on?
Share price strongly blue in a sea of red today.
Price isn't reflecting any great confidence that the takeover will run. However, the price is still low at these levels and attractive if pty interested was serious about it so I am holding in the circumstances
Solid.
Now it starts to become become clear how this has been shorted to where we are. Expecting a good rise as the g*ts have to buy back. I'm not helping them.
I wonder what sort of level BPEA will pitch their offer at - iF indeed they DO make an offer at? I bought earlier this year at 460 ish. Given the steep decline in sp since December, I can't see many buyers at above 500p being pleased with an opportunistic low ball bid.
Looks like an offer possible. Hopefully it will be a decent offer else shareholders won't accept.
I'm in. RWS is still a quality company and a 'cluster buy' from a bunch of directors is good enough a reason for me.
FWIW, I did not buy yesterday, or today and doubt if I will buy tomorrow either. I am simply trying now to understand why the market cap is what it is now, how the prospects have changed so much and whether to dispose of my holding and put the proceeds to use elsewhere.
In isolation the marldown has been pronounced, but in the overall scheme of things no biggie
I also followed the directors and added yesterday on the dip.