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I'm well in red on Nex so different posistion to you but I will hold out for a better offer for SGC then sell and keep Nex to get my losses back
@jcb208 what's your thoughts holding both, just let it play out and take the new nex shares, or try and sell the stagecoach ones on the spike, or sell both on a rise ?
i'm nicely in the green on both so don't have the concern of being down on them
I am just wondering if anyone else will come out to play on this one? - around the 80p mark still puts SGC in bargain basement territory imo - in light of the Morrison's saga and the fact that there is plenty of money in funds out there looking for a place to find a home UK companies are there for the taking atm - let's see what happens
gla dyor etc
nearly 19% up so wiped a lot of my loss out,still going to hold for better offer
It's "low" as national express share price is "low"
It's as it's a paper deal. So you have to look at how much you will own of the combined group and what that will be worth after synergies etc
It strikes me NEX needs SGC efficiencies more that SGC needs NEX. Can't see this going through at these terms without some moves yet.
I said a while back on this board that this company would be taken out if it kept on falling, which is why I topped up at 69p - long term hold for me if this goes through as the cost savings of a combined company will force the share price up in the long term, based on future cost savings combined with reduced risk and competition, and an increase in profits
gla and dyor etc
the most recent director sell was in April and about 94p
i find it very odd that the board would accept 80p now
My average is 85p so not great at 80p offer
Is it better to hold the shares for the long term or sell ?
I guess the only alternative is to hold the NEX shares.
Really low ball and reading between the lines looks like owners are looking to step back, just to think only a few years ago SGC were mulling a bid for Arriva Bus ops after loss of the rail franchises. i would of wanted 90-95p based on pre pandemic. EPS was 13.5 pps last year
That is a terribly low price.
It means that a lot of people who bought in over the past few months will get considerably less than what they paid. i.e. they'll sell at a loss. I'd be marginally in profit, but it's not exactly great.
Poor deal.
Does 18% above current price mean they’ve valued stagecoach at 80p?? Isn't that really low?
Nooo, I get paid today and was planning to top up. I can't believe I've missed the rebound by literally one day after it has been falling for several months. -_-
Makes sense in these difficult times.
18% premium on both share prices.I own both so interesting how the prices pan out today
Should this send shares up or down
Just seen something on Bloomberg tv channel saying potential t/o offer looming for Stagecoach.
Anyone know any more info about this?