The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Wouldn't worry I meant sorry.
Glad I bought more into arw when it dropped back 20% after the big climb...
I think either way this one will be good for continuing smaller climbs if its not sold..
Would worry about it archy. If you look into the company & what it's making you would expect to wait a few years for the tech to become common place.
The company I woke for also have their own version of this tech & it's being worked into future projects for the auto industry etc. So if it catches on its one for the years ahead & nothing here & now just yet.
* after I’d sold out of ARW I mean.
Hey guys, congratulations .... another chance to sell up at 295p if you regretted not doing so last time :)
Ps, while I’m here, I need to apologise for the CPX recommendation I posted on this board after I sold out myself . I foolishly believed the hype posted by the CPX ramping brigade, including a well-followed Twitter trader who was pumping hard when the price was at 12p, said the price would be at 20p in a matter of weeks and he was raising his target to 30p. Current price: 8p and falling.
You live and learn!
So a deadline extension and a slightly improved proposal up by 2.5p per share that is likely to be recommended. Well the Board and advisers have to demonstrate they are adding value I suppose, but 2.5p is hardly worth the effort. Another 2 weeks to see whether they can reach agreement. It feels like this might happen now.
Yes, we should know by the end of Monday, or maybe first thing with the RNS releases, whether TDR have managed to reach a deal with the board. With it going down to the wire, and no further news or rumour, my expectation is for them not to have agreed a transaction. And I can't see TDR going hostile, especially with the Aggreko deal to preoccupy them. So I expect the shares to drop back the low 200's and I'll reinvest the proceeds of my recent profit taking. I do think there is a lot of potential here for the shares to go higher in the medium term so look forward to seeing what management can do. The only thing I don't understand is why Zach Levy broke ranks and agreed an irrevocable undertaking at the proposed offer price. Unless perhaps he is on a promise from TDR? Anyway, let's see what the day brings. It will be interesting either way.
Chris,
That's a sensible approach. I had taken a similar approach and only now have a smaller shareholding and a SB.
We should hear whether formal TDR offer for the company (305p all cash offer) is made during Monday 8th March or latest next day Tue 9th March. Be interesting to hear intent OR even if that has resulted in any other offers coming in.
Not long to wait now.
See 8th Feb news exert:
In accordance with Rule 2.6(a) of the Code, TDR must, by not later than 5.00 p.m. on 8 March 2021, either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code. The deadline shall cease to apply, by virtue of Rule 2.6(b) of the Code, where a firm intention to make an offer for Arrow under Rule 2.7 of the Code is announced by an offeror (other than TDR) prior to such deadline.
I sold about 20% of my holding at the initial announcement and will reinvest the proceeds if the price falls back if there is no deal. I am happy to to hold for the long term with the business performing well and strong growth prospects in a world awash with debt .
Good spot, the way the price is well below the potential offer indicates to me it won't happen, and i wouldn't be too bothered about that i still think this company will have a higher share price before the years out anyway.
TDR announced an agreed offer for Aggreko this morning at a total acquisition cost in excess of £2bn. Wonder whether this might have implications as to whether the ARW deal moves forward?
TDR has until March 8 to makes a firm offer at 305p or announce its intention not to do so.
Has a formal offer actually been made? there has been no more news since the announcement of a potential final bid.
If it drops further I'm tempted to put a bit more into this. Bought into this during the drop last march & can only see positive things even without the sale etc.
Surprised to see this drop back to 275. Anyone else tempted to buy back in for a quick 10.5% win once (or if......) the offer gets rubber stamped? I am almost tempted but not quite - if it drops to sub 268p will have a small flutter on the basis that even if the deal doesn't proceed, ARW are still well positioned to make the most of the current market.