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I've stayed in since buying back in after selling mid Jan. Happier to avoid petty conflict, when I posted, I was hoping for a little insight possibly from people who know much more about the business and its prospects than I. As is, I will continue to hold in the hop re there will be reasonable upside.
19th Feb. "Looking to buy back in, but recent range seems between 29-34"
24th Feb."Not sure whether to sit it out or sell and move on. Any thoughts welcome!"
Now I call that inconsistent. But if you meant you really were holding on 19th., you did not talk of topping up. And in the short time to 24th, had gone wobbly and
looking for help from anonymous posters.
Perhaps just lack of clarity and indecision? It happens sometimes. There you go.
Additionally, having experienced heavy losses from June to November-approx 80% on hyve, which since recovered, I bought SIG because I felt any downside was limited. Why you refer to all 2 of my posts with suspicion, and in the same response,mention people who profess to hold whilst thinking the price will drop, I do not know. Lastly, the amounts I buy elsewhere equate to 50% of daily buys on here, so there is not enough liquidity currently.
What are you on about?I bought then sold 16th Jan, bought back in, doubled up and have seen it hover for weeks. No inconsistency here. What are you trying to infer?
Those from posters professing to hold but who think the share price will drop, with no explanation of why they believe it will. Does not make sense. But rabbits in the headlights perhaps. Your two posts seem inconsistent, also, as they stand.
??. I'm still in, bored to tears by the inactivity. Which 'suspect postings'do you refer to? If there were signs of movement or volume increases, I would increase holding.
https://www.reddit.com/r/StockMarket/comments/ltmsqf/potential_mutlibagger_catalyst_in_march_2021/
I posted this yesterday, to a 1.3 million investor chat on Reddit. It has only got upvotes and no nasty comments. One investor is asking a good question. Anyone care to answer?
gla
Never heard back from Beachfeount either, looking to buy back in on the Friday, and on the following Wednesday unsure whether to sell and move on or sit it out, and nothing in between. I hate to say it, but there appears to be some suspect posting. I hope I am wrong.
Topping up all the time, started at 70p last year. More at 15p ish, but did not take up the offer after that. Bought at 22p later on and topped up here and there. Will top up at sub 30p if it gets there. If not, it may go from 40p to 80p quickly, I will buy at 40p too.
Lol. So let me get this straight: you will top up if it drops and top up if it goes up. I wonder if you will top up if we remain at 34p? In essence I gather you are topping up. Anyway enough of this nonsense. In the bin :-)
You are then, yourself deaf to the suggestions you make to others.
I wish it had hit 60p by now as it should have. I talk of " suspicion" because it is not going with the fundamentals and most importantly the issue of new shares has made it an even more solid company then it already was. It is correct that I have suggested on many occassions that it could drop further and i will top up. But equally, I will top up at even 40p too.
I am being nice. That's the kind of guy I am.
Raleigh, there should be a distinction between 'thinking it will' and wanting it to go lower to get a better entry price. The repeated posts are fairly transparent. There was decent buying pressure when we dipped to the 20 day MA on friday. Off to shoot some arrows with the kids. Enjoy the sunshine.
There is no anology to be made with Premier Food itself, as you know, and that I intended to assist by indicating there may be something in the relationship agreement relevant to a bid, whether CD and R intend to make one or not. I do not care, when you invest in these things you take what comes, or make a decision to do something else, on the evidence or your belief.
It would be helpful if you could say what you believe will cause the price to go " a low way below what it is now ". That could help others like me, rather than leave it as in unqualified statement.
Why suspicious? What do you mean? The market is just warming up here as the moving averages catch up with previous rises.
Every post you write in one form or another says 'you hate to say it but I think it's going to drop then rocket'. Yet it seems you rather like saying it.
I was in Premier Foods for 10 years and sold out when it crashed, but it rose to 5 times its value with 6 months subsequently. It only rose because of the strong demand for its products during lockdown and would have gone nowhere without the lockdown.
I hate to say it but Warburg Pincus never made a formal bid for it, just hope we don't get the same thing with CD & R. Very suspicious why it is not rocketing, my concern is it will rocket, but from a low way below what it is now. It is bizare how it ever went below 15p, when so many other stocks of companies that are closed never went so low, but have in some cases risen 5 or even 6 times higher.
I should say I found that link after you posted. I don't know, but if they are to bid, I completely agree, the sooner the better for them, particularly with the turnaround in a successful early stage.
Thank you. You will recall that at the time the CD and R investment was referred to as a PIPE ( private investment in public equity ) deal. Getting the particular PIPE name on account of the substantial, but still minority stake, rather than an outright takeover, at a time when investment is quickly required.
PIPEs as referred to are rare in the UK, this apparently being only the first after Premier Foods. This article contains, scrolling down, something on the relationship agreement between Premier and their investor, Warburg Pincus ( went to Hogwarts )
It seems, I would say probable, there is something similar re. any CD and R takeover bid ( if their nominated directors leave we know something is up! )
https://uk.practicallaw.thomsonreuters.com/0-385-9970?transitionType=Default&contextData=(sc.Default)&firstPage=true
Raleigh -- I read the link you shared earlier. It's a document delineating what should be approved by the board, as opposed to a decisions that can by taken solely by Francis. Importantly, the document mentions an agreement between SIG and CD&R. That agreement has not been made public to the best of our knowledge (I suspect that if Raleigh cannot find it then nobody can).
In the RNS it is mentioned that CD&R cannot acquire more than 30% of SIG but I speculate that this reference just refers to Rule 9 and it's been mentioned to re-assure other major stakeholders, particularly IKO. I'm not an expert in Law but I imagine nobody can prohibit CD&R from buying any asset (SIG) they wish. All they need to do is make an offer to investors for their shares.
So, will they do it? Let's just recap some of the facts here.
We know that CD&R see a lot of potential and believe in SIG (otherwise they wouldn't have bought 30% of it).
It would be too expensive to take over SIG a year ago (when they'd need to buy 51% outright). Rule 9 stipulates that they'd need to pay the highest price paid in the last 12 months prior to April 2020 and that would mean over 130p per share.
However, now CD&R already have the 30%. They managed to get that massive percentage at 25p or so. All they need for full control is another 21% of the shares. Retail small fish like us have approximately 28-30% of the shares. So far these are all facts.
My guess is that the vast majority of retail investors, even the historical ones who bought at higher prices, would sell for a price between 45-50p (feel free to disagree here, just a personal opinion).
But if CD&R want full control of SIG, they need to hurry.
The more they wait, the more the macroeconomic environment will be improving, govt initiatives and announcements of investment projects will be kicking in, trading updates will be increasingly positive and ultimately... they'd need to pay a higher price.
So, will they make us an offer soon? I really don't know.
But if they wanted to get full control of SIG from the beginning, CD&R played a very smart game. And now they need to make an offer soon.
gla