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sure, i have no real idea at all what it might do s/term, so much to guess at re PoO and current geopolitics. me, i've taken on chunks of RDSB today with a long term view, not for short-term trading. i think the deal with BG is very potentially synergistic, gives additional LNG exposure, more scope for production cost cuts, and significantly lowers anticipated exploration costs, so on a 2-3+ basis should show nice returns. can't resist that excellent underpinning divi too meanwhile. but quite understand, from a trading perspective, i have no real view on shell at all. gl with the winnings, you timed your morning exit really well!
Thats fair comment . Exxon would have to come up with a vastly improved offer to Shell's. In a perfect world rdsb shares will recover to £24 and this will push BG forward and P.O.O, recovers to $70+ I think im right in saying that anyone buying at or around 1175p could end up with shares worth £15 /£16 + Please feel free to correct me if im wrong. ATB
yes, BoD would be obliged to do so. if shell sp fell much more, can imagine that major ii shareholders in BG might grumble and try to argue for improved shell offer with more cash, or hold for counter-bid. however, personally i think not so likely to happen; the bg bod must surely have taken some good prelim soundings with their major ii holders before agreeing to recommend the bid from shell? (.. but then, what do us mushrooms ever really know?)
I am looking at RDS dip - however as I only want short terms jumps atm and it has already dipped recently to £20 anyway on low oil price I an slightly hesitating
maybe buy shell instead at this price? sector suffering a bit from moody's commentary.
Billy - possibly I just can't see it or think of a recent situation where an offer has been accepted and recommended by the bod and then not voted through? Can anyone else?
Based on shells b share price of £20.19 a few seconds ago the shares part of the deal is worth 8.99 + 383 in cash - £12.82
Wouldn't a counter offer have to b put to the shareholders though
As all of the directors have pledged their holdings to this offer I can't see a counter offer ie its got the bods approval.
for the counter bid from Exxon. That will really push the sp
Notice shell B shares are down7.9% on the announcement Anyone able to figure out how much this brings the offer down to?
Might be tempted back in around 1050 or 1100 if we get there LP 1172
So if you sold today and bought back next week yes you'll still get the deal. Whats' not know is what the price will be next week ie if you will end up buying higher of lower than you sell today! Hope this makes sense!
Holders who hold the day BG is delisted get what shell offered this morning if the deal goes through. From what was on rns's this morning the deal has been agreed and should go through. The timescale is what is slightly fluid atm
if you had bough early morning.
So if I sold my shares today and bought back next week will I still be in for the deal that's on the table? How do they decide which share holder is entitled to a slice? Is it based on the share holders as of now or when the deal is done? Can you someone answer ?
Thats what I thought at 0800 this morning I'm sure the nosy government and wannabee government may want to use this politically.
Plenty of due diligence to be done on this deal I guess, so many will possibly take the price now rather than hang on 9 months or more for the extra £1.50 a share value
Anyway someone (probably in the know) bought 500,000 of these close of doors Thurs - before the BH They paid 859 ish from memory Imagine how they're feeling today!
Why are people selling now? Possibly because they would rather have the cash now and reinvest elsewhere than wait 10-12 months for 1/3 cash and 2/3rds Shell shares, lukegrunger. Plus who knows where we will be in that sort of timescale FTSE-wise. It only takes a poorly received Gov at the forthcoming election, another Euro crisis or some other financial or oil-related meltdown and we could very quickly be back at '08/09 levels. For some people cash will always be King. ATB.
There is an agreement by BG management as to the terms of the deal. Later this year or early as 2016 all shareholders of both BG and Shell with need to vote on it. Assuming no regulatory hoops are cross in the interim. I would imagine they have covered off quite a few of the hurdles associated with M&A being multinational. Yeah Shell Share price will bias this. Tempted to take profits but I am mindful as Woodford is still buying shell and oil prices are potentially at their lows. Nothing is a sure really but its looks positive if you don't need to sell right now. GLA DYOR
Ah I see, I thought the deal had been accepted. Should imagine we don't end up too far from the valuation though, guess it depends largely on the Shell B shares.
Taking profit I suspect. Its not a done deal for a while yet so there will be up and downs I suspect.
I believe so John Charles, thus I don't understand why people are selling up at less than the bid price.
I make the current BG. share price about 4% below what would be the value of the bid today ,am I right?