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I sold some at the high 130's but am still sitting on some which I am happy to gamble with to the end.
120p vs 126p (now) is worth the gamble to me, but I think a counter offer is unlikely now.
GLA
I'm still sitting on my shares. Anyone have any thoughts on the upsides of staying put with them? I can get a higher return than the offer price by selling now. Not sure whether to hang on ....
The paperwork says shares will cease trading on the 12th April at 5pm.
So the next tax year.
not 100% sure without doing some reseach, but as i sold out already, i only keep a casual eye on here to see what's going on.
My gut reaction is that it probably wont complete in the time frame your worried about, although i'm by no means an expert in these matters, the last time i was in this situation, it took longer than i expected, hence why this time i took the option to leave at a price over the offer and which also covered my trading fees.
As for why it's still in the 630's I am at a loss to explain, i'd have thought that if a counter bidder was in the wings, that they'd have shown their hand by now, unless in some weird way, it pays for the company acquiring DCG to hold more of the shares prior to the deal completing, but i'm purely speculating on that.
Does anyone have any information on when this is likely to happen?
I do not want settlement in this tax year.
Also:
There seems to be a blizzard of buys going through at the moment - has someone had a sniff of a counterbid?
Something happening after the bell today?
yes, very odd, i may have jumped ship too early, but no worries, i did ok out of the deal i got
A fund buying in / topping up at £6.37, that's a strange purchase to make at this stage.
Amazing , taken over without the agreement of the small shareholder yet again . It should not fall into foreign hands.I have loyally held these shares for many years . Do we never learn , when things get tough the foreigners abandon us , or asset strip us. If it is good for the Canadians why is it not good for us ? Do we actually own any of our businesses now ? It should be stopped!
I bet this will be another range of products that gets magically changes taste and double in price when accounting for the next wave of shrink-flation. Cadburys all over again.
too late lol, i took 625, more than happy with that, it was way over my estimate/target, and gives me 25% profit, so i'm happy, it also releases my cash for other investments, albeit perhaps a week late.
as they say, a wins a win, especially given my recent track record. I'm not going to be unhappy if it goes up a little more
Watch this space, some articles in the press that this offer is undervaluing the company.
Perhaps more to come.
and now the bid is over 620, i think i will be selling before the deal goes through !!
This is very good news, I have quite a few of these. A nice little win for the portfolio.
I did :)
Great news, I hope you held onto all of your shares
and there we have it, RNS out notifying of a cash buy out at 620 pence.
someone has a leaky ship.... there was an £817,000 purchase declared after closing yesterday, along with a whole heap of others.
I agree these things are great but unlikely to move the share price as much as it has moved. Still looking 👀..........
....if the now likely failure of Premier Foods to secure a deal to sell the Ambrosia brand has had a positive effect on DCG, as we'll potentially not be laying out a large some of money and taking on extra problems right before the Brexit deadline??
i don't see anything glaring in the shorts positions, other than GLG Partners slowly but surely reducing their short position, but others have increased slightly
https://shorttracker.co.uk/company/GB0002502812/
there is this, but i can't see this being it on it's own
https://www.cornwalllive.com/news/business/dairy-crest-unveils-75million-expansion-2507797
it's hard for me to hold as i've been burned before holding too long, after something has passed my target price, if this gets closer to 560 i'll be gone i think
No idea, I have been searching the Internet daily to find anything that could cause this. Hold tight somebody obviously knows something that we do not.
wth ?
where has this huge jump come from ? i'm seeing no news releases or anything that could indicate such a substantial climb, it's just bust through my target without warning and i'm wanting to know what's driving this, incase i might jump out too early.
aren't we due a set of results and a dividend declaration ?
As for where it's going, no idea, my target was in the region of 536-543, that'll give me circa 9% profit on top of the dividends i've collected.
I'll probably get out of this one before the next dividend, it's proved slightly more volatile than i had hoped.
Not sure what is causing the rise today but I like it too.