Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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When were these ever below 128P ?
Shabz. I’m in the same position. My average is around 300p so today’s 40p+ spike has to be seen in the context of a previous 150p drop. I’m hanging in and hoping we don’t see a return to 160p if the takeover stories fizzle out. The fact that Ageas wants us suggests we’re a lot better with a lot more potential than the last half year’s results would suggest.
T
Not a recommendation dean to
As I trimmed at 192 and 199 but I picked those up at 157/59 yesterday so it allowed me to consolidate my average to sub 128p. Risk is it may go the 250p but am content to improve averages on a spike.
1 confirm the news leak
2 confirm the offer
3 evaluate the price - seems around 230p
4 trim based on the move up may be temporary while still holding enough to be content.
209 v 128 is a nice base to hold now (63% return) on 11 trades (4 today) in the last 6 weeks and now a core established to add to for dividends of cash up on further rises.
You have twitter dean?
HTH
They won’t just go away.
The bid was a starting offer and a reasonably cheeky one.
More to come here
Revised bid could go to £2.80
Counter bid probably North of £3
Not a chance that will be accepted by share holders at that price, they’ll need to up it somewhat to be taken seriously. Only reason it was released as an rns was because of a leak.
I think this will get to 250p
Hi Mary,
Somehow I lucked out and bought a chunk in Jan at 1.6.
Please can I ask ... what is the strategy in trimming when there is an offer.... Do you sell some in the high spikes (at a risk of it going higher)... and buy back in the falls.... Will it be that volatile to out weigh costs... as a newbie... I'm thinking just hold tight until the finish....
Not asking for investment advice obvs but trying to understand and learn and build my strategies (you seem well regarded especially amoungst the ....ahem.... crowd at SDRY :-)
Cheers
Dean
Ageas believes the Proposed Transaction represents compelling strategic and financial value for both Ageas and Direct Line shareholders.
Under the terms of Ageas' Possible Offer, Direct Line shareholders would receive:
· 100 pence in cash for each Direct Line share; and
· One newly issued Ageas share for every 25.24047 Direct Line shares.
Based on a Sterling to Euro exchange rate of 1.169 and the closing price of Ageas and Direct Line shares on 27 February 2024, being the last date prior to the date of this announcement, the Possible Offer has an implied value of 233 pence per Direct Line share, representing a premium of 42.8% to 163.35 pence, being the closing price per Direct Line share.
MB,
Gladstone must be hurting.😉👍🔥🔥
No one wants to kiss out in some easy ££££
A solid buy up to £2.70
BKB only happy ones - happy that I added this mornig before the spike and the last few days below 160p
Will trim a few.
Havent they got to except it ?
If that's true id be at a loss. Hope they reject rather wait for recovery to get back into the green.
230p equiv
£1 + 130p ( Euro 38/1.17/25.024047)
Fill your boots. Well done for anyone who topped up today at around 156p.
DYOR
Wahoooo ... but where the hell did that come from !!!!
Don’t think so! Maybe 250
What a difference an hour makes!
Based on a Sterling to Euro exchange rate of 1.169 and the closing price of Ageas and Direct Line shares on 27 February 2024, being the last date prior to the date of this announcement, the Possible Offer has an implied value of 233 pence per Direct Line share, representing a premium of 42.8% to 163.35 pence, being the closing price per Direct Line share.
Rns out
Trading halted on T212
Porsche,
Wrong, majority of ftse 100/250 companies are now bid targets due to low valuations. Shorters nightmare when bids pop up from no where.
Ageas could go hostile, traders swarming in now as its a major riser of the day.
Sit back and wait.
Yes £2.70p
Strong buy