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Now only two working days! An extension for a month or two coming?
Very surprised that they haven’t given an update. You never know may hear something tomorrow.
I know!
Me too, I known this has probably been complicated, but it’s already been 10 months or so! Just hope we get the bonus 7pps
Only 1 week until the Long Stop Date.
I hope we are not going to get an RNS pushing this back.
My money has been tied up in this takeover for more than 6 months now. There are lots of other attractive investments available.
I sold about 25% of my holding at 56.97p today. It's pretty close to the 60p offer price. It might have been a mistake but I guess I wanted to take a bit of risk off the table and free up some funds for other opportunities.
The SP is still 55p-60p as it has been for months. If there were problems afoot it would probably have already weakened as word would have got out.
It’s like pulling teeth! The only good sign is that there hasn’t been any update. You would have hoped that if there was an issue they would have communicated it by now. Hindsight, should have put the money elsewhere, but that’s life!
This is drawing ever nearer. I can't recall a takeover that has taken as long as this to complete. Let's hope for some good news soon. I do hope that we are not going to hear that the long stop date has been pushed back.
It does seem rather unusual. I imagine the reason it is taking so long is because regulatory approval is needed in at least three jurisdictions - Gibraltar, Malta and the UK. Maybe more. This can always be difficult, particularly if the purchaser is a bit skittish. So I still don't think we can consider this a 100% done deal.
Fingers crossed that we get some good news well before the end of May longstop date (although of course this can always be extended).
Never known one to take this long. Oh well patience. Just hope the 7ish p arrives at some point as well.
Slowly!
Well that 7p or close too, could be coming to us.
Hopefully we may hear something in the next 8 week! It's been going on a long time. I'd be happy with 4p+ for the DCU, but hoping for 7p.
Thanks for the information. Anything we get from the DCU is a bonus but I still think we will receive close to the full 7p.
Received this from my broker sometime ago, also told via another message that DCU’s cannot be held in ISA’s and must be transferred to a trading account within 30days.
“Jambo SRC Limited have made an offer to buy STM Group Plc for 60p cash and 1 deferred consideration unit (DCU) per share.
The DCUs may deliver up to 7p per unit in cash subject to certain conditions being satisfied. The DCUs are non-transferable and will not be listed on an exchange. If the takeover goes ahead, we will contact you with further information regarding the DCUs, once credited.”
I'm getting quoted 59.5p to buy today. That's a bit firmer than previously. I'm still wondering whether the extra 7p (from 60p guaranteed to 67p possible) will amount to anything. Perhaps the firmer price means that it will.
It's certainly taking a long time. 2Q 2024 is the expected completion date.
Well it passed but a long lead time to D day on the timetable usually 6 weeks this more like 14-20 weeks . All to do with Regulatory and sale of apart of the company. Oh well time to pick up more if the price is right!
Hope it goes through, that 692 trade today was me! Just wanted to round my holding.
Soon as I bought the share price when from -2.5% to +3.27% some one sold this morning so not many shares around.
Added another £500 at 56.8p
Had this from HL “ Jambo SRC Limited have made an offer to buy STM Group Plc for 60p cash and 1 deferred consideration unit (DCU) per share.
The DCUs may deliver up to 7p per unit in cash subject to certain conditions being satisfied. The DCUs are non-transferable and will not be listed on an exchange. If the takeover goes ahead, we will contact you with further information regarding the DCUs, once credited.
Shareholders will vote on the takeover at meetings on 6 December 2023.”
Oh my overall return at 60p will be near 7%, hopefully more if that other pay out comes!
Picked up other £500 at 57.2p ok not a massive return (4%) but you would need to wait a year in a bank savings account.
I just keep adding, if you try to buy too many then It's close to 60p
Well that was pushing it to the deadline!