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It is certainly true that there is often a disconnect between the TSX and AIM listings with big moves in Canada on very low volumes. Today however is somewhat different as the volume of 105000 is 10x the average volume. If a higher level of interest in Canada continues it could increase speculation that the deal will be with Calibre. It will be interesting to see if CNR moves up to 37p tomorrow to catch up with the Canadian price.
I made my 100% way back, took my initial stake out and left profits to run - currently up 44% in ISA (smaller holding) and 30% in SIPP….. tempting as it is, I’ve waited a long long time for this and as much as it’s probably been my most frustrating holding, it may prove to be my best!
There has always been a disconnect in the sp between aim and the tsx so I wouldn't read too much into it. Nice rise today, I personally think it's 100% due to the undervalued shares pump on Friday afternoon. It happened last time. Let's just hope this time these buyers hold on for another 1-2 months rather than take a quick 10-20%. I'm holding onto my golden tickets.
Interesting:
https://shorturl.at/ntvGZ
0.64 Cdn when I looked -37p.
Could be a good day tomorrow.
Just looking for 40p for a doubling up, then I’m gone. Reckon 48p might be the value but cash needed elsewhere
You must be among the clever few who expect a profit as per your TSX ISA question, well done and lucky you! I’m a member of the LTH club as well, but my tenure began in 2011. I bought at £2 and some pennies much to my chagrin, but also in the low 20’s some years ago and managed to average down from £1.67p to as damn near as £0.50p, so a ways to go por moi! GLA.
Long term holder here, always been reading but never had enough insight to get involved. Appreciate all valuable contributors over the years inc pre-consolidation days. Qn) IF TSX shares received as part of deal, does selling them on TSX within an ISA have any tax bearing ? And is it as straightforward as if were to sell UK shares within ISA? Maybe others are also wondering the same so any info would be helpful to the board in general, considering all possibilities.
Since someone asked about positions, well… I have most of my 220k shares in an AJBELL ISA and sticking around for the home run, whilst my most expensive purchases are in the 50s but averaged down over the years taking advantage of the teens and low 20s.
And at a year high on 10x average volume over there currently.
Live price on the WSJ.com website for more details.
The counterparty is the MMs, who will tend to increase the bid/offer if they themselves are running low on stock. The MMs can be considered to be neutral, so large buys do indicate a vote of confidence from the buyer without necessarily implying a corresponding negative position fron the 'seller'. The opposite is also true of course.
It was a vote of confidence from the person who bought £70000 of shares. From the counterparty less so
Large, long & strong .....Surrey
Looking very strong. We know Condor stock is held pretty tightly so few more of those and we will hit 40p. Pretty shrewd investment frankly as they could double their money in a short space of time, certainly see 50% return at lower end. Certainly hope the maximum eait now is a month but could be any day as annual results has been delayed pending the sale so they cant hold it back much longer and obviously expecting to tidy everything up in one final blaze of glory :)
What're peoples' positions?
Goodness, finally a decent-sized purchase!
The last trade of the day was a late reported from 8.57 am 204678 Buy at 34.2p which was valued at £70000. It accounted for a significant part of today’s 697000 volume and is a clear vote of confidence at the highest price paid in the last year. Let’s see if we can have another decent rise tomorrow and get this above 40p before a bid is announced.
It would be a nice week if we could have and have and hold these little daily tick ups! GLA
🤣🤣🤣 miss read your post thought you'd admitted to being Lady Boy
If we can hit40p then we move into all paper takeover offers as an acquirer csb sell in a 50% premium and i suspect 60p gets the Jim nod. Really up to us shareholders if we want that.
We have become used to the idea that gold is in a bear market, junior miners doubly so, and Condor tripley so. Even those with low expectations have been disappointed. But that is no longer the case, and just as even pessamistic expectations were exceeded to the downside in that bear market, we may now be approaching a period in which optimistic expectations could be exceeded to the upside.
Most investors hold on too long to losing positions and not long enough to gaining ones. Most of us here are probably guilty of the first, but we need not also become guilty of the second.
Personally I'm reluctant to be drawn on precise predictions, but the situation now is different to that when Condor was first put on the market. Times change. Perhaps our expectations should too.
Why laughable? Sorry to burst your bubble, but JM is not the Messiah. I think my valuation of $125m US is more achievable than yours of $225m US.
I've felt for some time that the 35/36p point will be difficult to bridge. This might have shifted to 40p with the higher PoG. We'll see.
As for outcome, 45p and the low end and 65p at the high end. The low end being driven by more cash in the deal, and the high end being driven by paper, assuming Calibre. If it's the Chinese I think 50p will be a lot harder to achieve. The 80 - 100p calls that some have made will really be down to the price of the acquirer i.e. Calibre if the deal is mostly paper. And it won't be immediate; probably a 1 - 2 year or so outcome, which means sticking with the buyer for an 'extended' period - inverted commas given that extended means something different in Condor world (15 years...).
Good to hear. Was getting worried you were selling out from your messages and possibly missing out on the final multibag dash :)
Laughable. On what grounds? Have you read the FS and followed JM at all?
Unfortunately you are not going to see 90p. I think 50p is a push to be honest.
Incidentally, does anyone use Tobin hood. Interested to have any feedback. Apparently they have 24 hour trading which could be useful?