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Bid now unconditional and bidco allowed to compulsorily buy the c7% it does not own at the 80p price. I have switched most of my holding into Triple Point.
Not sure how this will play out ...I lost my nerve and sold up Friday.....
Watching with interest as I sold out before the offer :-(
However, I read on another chat that they are delisting but my reading of the document states that it can only be delisted if they get 75%, which they do not have (or did not have as of Friday).
Am I reading that correctly?
According to the latest RNS they have around 18% of the shares in the company think they need at least 75% to proceed with the takeover so looks like it ain't going to happen.....I would sell up for 90p a share if they put that on the table...
Just had a phone call from the company taking over CSH and I was told the decision date according to them has been brought forward to June 23rd. I am waiting for another corporate action message from Hargreaves before I decide as they may be ringing shareholders and saying this just to hurry things up!
Just realised SOHO goes ex dividend tomorrow and with a small dip this morning I’ve decided to top up a little today ;)
Gl all
I sold some of my energy stocks with some nice gains too. Just waiting for a good entry point and with oil prices and less production it might not be long.
I had a fair bit invested and averaged down a lot over the past year in CSH and it was a good dividend payer.
Trying to get ready for when I cash out and so now on the look out for other investments. Anyone have any suggestions of good dividend companies to add to my research?
Going to hold on for a couple of weeks in the off chance another bidder comes in.....Don't think that will happen though already have a bit in SOHO So will have a look around and see what's cheap maybe move back into BP if it drops to £4;50 sold out my entire lump at £5.60 one of my better trades
Not sure about anyone else, but once dividend is paid I’ll be cashing out quick and heading to Triple Point (SOHO) as there is some overlap with this stock.
Interested to learn what others are considering to invest in afterwards.
Interestingly, still at or around the 80p mark.
It's above the cash offer because the dividend is being factored in .
Civitas Share price is above the cash takeover offer, does anyone think a counter offer is likely ?
Riskingit
Thanks for your reply yes I do understand your position and very much like myself tend to hold for long periods but will always take nice profits from a quick rise.
I bought some PFC thinking it had bottomed out at 98p haha I got that totally wrong so still holding them.
Anyway I wish you luck and hope you make a nice profit.
This is a tough game and I've seen people lose everything so when I get a nice profit I take it and look for another opertunity.
Ken
Yes it's a big "if" but one can only hope - certainly no sign of another bidder on the horizon
I did start my position here north of a hundred a few years back but have since averaged down. With the divs and ignoring inflation, I'm around break even at 80p. Personally I try and invest for the longer term and ride out the cycles so selling at c. 25% below NAV, unless the company is severely distressed (which I don't believe Civitas are) is wrong.
Of course I fully understand the muted euphoria for those who entered recently.
RNS for SOHO loans is dated
27 August 2021 16:11
Of interest to those looking for replacement for Civitas.
SOHO same sector
63% discount
9.86% dividend almost covered
51% gearing BUT
TRIPLE POINT PLACES £195M IN LOAN NOTES
(Sharecast News) - Triple Point Social Housing said on Friday that it has put in place £195m of long-dated, fixed-rate, interest-only sustainability-linked loan notes through a private placement with MetLife Investment Management clients and Barings, respectively.
The London-listed real estate investment trust said the loan notes had a weighted average term of 13 years, and a weighted average fixed rate coupon of 2.634%.
It said the notes would enable it to refinance its existing floating rate revolving credit facility.
At the same time, Triple Point noted that Fitch Ratings had assigned it with an investment grade long-term issuer default rating of 'A-' with a stable outlook, and a senior secured rating of 'A' for its new loan notes.
"We are very pleased to have secured a premium investment grade rating from Fitch," said chairman Chris Phillips.
"This positive endorsement will enable the company to pursue a broader strategy in relation to debt funding and the group's new long term, attractively priced, fixed rate loan notes are reflective of this.
"We were delighted to be working with Metlife Investment Management again and Barings for the first time."
At 1553 BST, shares in Triple Point Social Housing REIT were up 0.75% at 107p."
Alas I have used up most of the money from my sale of Civitas.
The rest will go into SOHO
RNS today LGEN buying SOHO time was 16.15pm price up 4.5%.
Probably up on takeover of Civitas.
Just noticed that there rns on LGEN for the purcase today of soho that's not normal AND the purcase of Civitas shares on the 5th may.
At least I think it's purcase.
Either way LGEN doesn't normal send rns for shares they've purchased.
Note these are RNS from LGEN
https://www.hl.co.uk/sha...shares?tab=security_news
Good luck everyone.
I sold out today. I've long been invested in CSH, and I have enjoyed the dividends and I've walked away with a tidy profit as my average was just under 60p.
I wish you all well, and ask that you think wisely whether you decide to hold to the end or sell in advance.
All the best.
GRQ.
Like your board name riskingit
If is a very little word but in legal representation means so much and is in no way a certainty so there's still a lot of risk involved.
I see your probably one of the guys that's hoping for 100 to break even
Ken if only one bidder is in play then yes it would be unusual....... but if another interested bidder comes along it's not
Sd235 the way I look at it as the old adage goes a bird in the hands better than 2 in the Bush I've had one divi off these as I got in late December for the divi income but as this has recently come about I'm out sold yesterday fo nice profit.
I been in this game for over 20 years so no armature and have learn to take good profit off the table to protect it.
The divi was great had it remained in the same hands but even then it can be subject to change when management decide so for me my profits in the pot.
There are a lot that are hoping to possibly break even at say 85 or 90 but I'm pretty sure that won't happen.
All the best you guys that hang on I hope it gets to what your looking for but the markets can be very nasty I've been there and could tell many stories of my losses and some very substantial but it costs you to learn in playing with shares
Thanks, SD235,
I've checked the company site and it doesn't stipulate, which I can only presume as the information isn't confirmed as of yet, as the deal hasn't been confirmed, as of yet.
GRQ.
Note ALMOST all the sector is on big discounts.
That's based on the assumption that interest rates and therefore government bonds, will not rise significantly. REITS and infrastructure being bond proxy's.
Get_rich_quick
The best place to get all information on offers is the company site.
Exdivided Date 18th MAY.
Dividend 1.425p
Lazy should have checked date and dividend before posting