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Thanks Mary
I see alot of buys in Calnex solutions today wonder if people are selling here and going there hoping for the same there..... very interesting times. I'm no expert but would like to think in 12 months time the whole small cap markets in a far better position especially telecoms, its good for the poeple that have made decent gains here to buy other low valued shares while the markets still down., time will tell! Good luck and well done to the fortunate that have done well here, if you haven't can not win them all but still can bay other low valued companys to recover losses. ATB!!
It will run its course and your brokers will receive the proceeds so you need do nothing.
Always a risk in the intervening period that the bid may be pulled and also that of a higher bid upside risk.
You can sell into the market a few pence light rather than wait but you miss out on a higher bid. No certainties in life so I hedged and sold 1/3.
Never advice. DYOR.
Newbies holding the baby ??? The newbies are quids in. The LTH are not.
FWIW I trimmed 1/3 above 173p to take some risk off the table and now sit with a sub £1 average again on a sizeable holding and will await developments with interest.
Most should be a lot happier today with their positions.
🍾
Petro,
How is your short position looking this morning?
If the deal goes through as reported, do we need to do anything or will our shares be sold automatically?
Takeover 175p below my last top up last year at 180p , when it fell back after last years results .
Not the time to be investing for private inverters.
Broker shows I have not lost overall with this one thank God , first buy with them 25/8/15 at 78p
Buy back here on dips after slicing a mistake in hindsight .
A return to 300p in August 2021 was time to get out .
Especially the ones I bought in January 2021 after the fall back from the first peak to 300p a year before in August 2020
Bep 153p.
The Crawley, England-based automated test and assurance solutions provider said it has agreed on its acquisition by Viavi Solutions for 175p per share in cash. Spirent shareholders will receive 172.5p cash, plus a 2.5p special dividend.
The acquisition, which values the company at GBP1.01 billion, as been recommended to be voted for by Spirent's board.
Also on Tuesday, Spirent reported its full year results for 2023 .
Spirent said revenue fell to USD474.3 million from USD607.5 million Pretax profit plummeted to USD22.9 million from USD114.6 million. Spirent declared no final dividend, despite paying out a final dividend of 4.94 US cents a year ago.
No thanks
Petro,
What a stupid statement to make, this board isnt full of pumpers and dumpers.
I have an average price of around 100p and bought these on the big dip on the profit warning back end of last year.
Needs another bidder as it's being sold at a bargain price.
I expect traders will be selling very soon for a small profit. Newbies left holding the baby here
The potential buyers will be picking up the share sells ...I suspect
" Presume this has to go to a vote so it's 25 top shareholders with 70% of the shares that will decide the fate."
I don't think they would have reached an agreed price if the main shareholders weren't happy with it ....so I think they have their votes already ..they know their ball park acceptance figure when doing the negotiating
Just a matter of going through the procedure at the required meeting
In my opinion
I am glad the shorts got burnt. This short selling malaise has gone too far. Every good or bad results got punished on the day or fews days after; so all shares made no progress over decades. Look at HSBC it dropped 7% After a good results. There are many stocks like them. Then all aim stocks move 10% for no reason and mm don't make it easy to trade because the spread is over 10%
Presume this has to go to a vote so it's 25 top shareholders with 70% of the shares that will decide the fate. No idea of timescale, do I stick to see if a better bid and to collect the small divvy or do I twist? Either way, having averaged down from a nasty little tranch bought at £2.70p, it's a high quality problem to have, I now have a small profit on the cards at this price.
" The special dividend (2.5p) will be conditional upon, and only be payable if, the scheme of arrangement to implement the offer becomes effective (or, if the offer is implemented by way of a takeover offer, the takeover offer is declared unconditional in all respects). "
Takeover price is only at last summer’s levels
Don’t forget WG Mary…
Next bids may well be
RNK & 888
Watch this space !
Phax
Fantastic, profitable here too but not quite as much as was averaging down.
Delighted with this news. Will sit and wait for a few weeks to see if a potential counter offer emerges, but would be happy with £1.75.
I only jumped into SPT for a quick 10% on a huge drop in December to watch it drift and sideline ever since. Logged in to sell as it was almost at the T?O price to see an order I'd forgotten all about had triggered... Fear sets in thinking I'd have realised my 10% and missed out on the rise.
Thankfully it triggered at 171.something and Im out with 46.3% profit.
Happy days.
Pleasant opening move would signify that a higher bid may come as thought it may sit around 160p
Watch and wait.
Pleased with this post 20/2
Couldn’t agree more Mary these are ridiculously oversold and my tip for approach in the coming months.
I have big position here and happy to keep adding, amazed on this pullback from 127 odd, was decent Dr buying I seem to remember recently , market is mispricing so many stocks and this is right up there
Better thread title