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I hold some of these in an isa wrapper with Halifax. Show in statement as a holding but with no value (makes my overall profit and loss look a bit dodgy!) as of this morning.
Still not got paid yet by ii for the shares. Showing as a 100%loss
Contrary to my thoughts before, I am pleased to say that my discount still worked in a chef and brewer outlet on Tuesday this week. :)
It's been a good 3 years of share purchases giving me a gain of 40% plus dividends of top.
I had a good look at JDW but they seems to currently be a bit too expensive, I only bought GNK because they looked cheap (and then got cheaper after I bought!). On my watch list though, I may wait a while before a buy another brewer!
due to be delisted 30/10 I think
still not decided which brewer to replace these with in my portfolio
shame my local favourite Bathams are not a plc
Yes fully accepted but no I can't find any info on when we get paid or when the shares go unconditional. There is a pay argument going on, but that does not affect the takeover price/deal it was approved by 98.85 of shareholders. I'm waiting for something in the post to update me.
Are we of the opinion that the offer of 850p has been fully accepted yet or not. Therefore assuming that there are not going to be any further bids from perhaps another possible buyer.
I don't recall seeing anything regarding a timetable of events ie when the shares go unconditional or that they will be delisted. Can anyone enlighten me please?
Mine arrived last Thursday and what an additional bonus added to dividend and takeout price. Already looking to reinvest proceeds from 4000 shares.
Yes I received mine too today however I was worried that once (if) the deal goes through then the vouchers are no longer valid.
yes we will.
great news
My vouchers have just arrived via ii.co.uk.
50% off hotel breaks too, as we did last year.
Read mention of Molson Coors on another BB...
Would be a nice extra bonus for holding on if there was an improved offer...
Having bought in at 640p as my neighbour who works for GNK said they were undervalued and were a 1000p share and after watching the fall from 700p+ i am reasonably pleased to get out at 850p plus Sept divi. 2k profit in 3 months helps sweeten the portfolio a little after Aviva meltdown recently. However not comfortable that many UK stocks are cheap and vulnerable. Not sure I want everything owned by Chinese businessmen for my kids futures. Anyone believe another bidder may appear and increase the offer? If it's gonna happen then I can only hope for best available deal.
Likewise we shall miss the vouchers and the dividend. Still in Marstons and Shepherds Neame which both do a good discount and the Marstons dividend is very good and maintained so far.
I am going to miss these shares. I only ever bought them as I use to live near many of the pubs and the vouchers were great. :)
Also have Merlin shares which are going to be taken over so will not be able to get my discount next year.
Probably have to buy Whitbread or M&B shares to get over this.
Good luck all.
Great news indeed. My only issue is that GNK was one of my larger dividend earners. Now I have to find a replacement - so many choices....,
GNK owes me big time - I bought my shares in 2017 ad the next day they dropped by 25%, so I flogged my shares as soon as I opened my HL portfolio and saw the takeover news. I sold them for £8.44 which made me a very happy man indeed!! Even happier to se the share price has fallen today to 8.40. Could someone please take over lloyds for £2.00 per share?
Sweet. That's what I call a takeover offer! Dipyourbreadin I hope you were still a holder here fella.
Berenberg also on the ball. Last month had GNK down as a sell with target price 450 pence. Upped it to target price 850 pence today. At least it proves that at least one person in the bank can read. Must have been doing a lot of research to come up with that dramatic turn around.
Some holders in a hurry to get hold of some cash for reinvestment elsewhere.
I will hold to get the full 850p or an higher bid.
I won't be too disappointed either if shareholders rejected the bid.
Still the possibility of another bidder so I expect to hold for a while. Not sure when the deed will be done. They mention Q4 but that's not specific enough.
Matthew, normally your broker should arrange this. I'm with share.com and they are quite proactive with shareholder benefits. If you're not getting any, ask your broker to take car of it.
Riszer that is common parlance in Takeover situation so I don't believe it has a subtext.
GNK has fallen a smidge today which is not real surprise as beer tends to go flat if you leave it on the table too long. Nice premium as the uplift in the SP is well above recent averages but they are paying peanuts when you consider the SP was 1200p at one point. I would be feeling salty if I had put my order in at that price. It would be nice if another bidder was flushed out as it could go a few rounds. But the offer and the last divi is really enough for me to dine out on.
No idea, but I have held GNK shares for over 2 years and have never had any! :o
I see both JP Morgan and Liberum have today, raised the target price to 850p. You have to hand it to these people, they certainly work hard doing research for their money.