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So got my money in my account. Pleasing amount. Relieved to see it in there.
I can rest easy now. I've seen the corporate action and I know I'll get my money
As I once got stung by a company called Mytrah energy delisting, I getting a bit concerned about my shares with JLG and I'm thinking about selling them as I've had no information from interactive investor. If anybody on this noticeboard could re-assure me I will get the full money on completion I will hold on till then.
all holders being asked to vote on scheme of arrangement...anyone out there still holding cast your vote!
RNS notifications of holdings interesting ...
any signs of SLA's stance on this bid?
and now St Modwen...should be a sign that these property/infrastructure companies share prices undervalued.
all this chat about infrastructure investment is why KKR and anon want to snap up JLG...too many UK companies being hoovered up because SPs too low following pandemic slump.
Looks like the market sees a counterbid as a possibility. I thought the board would have sounded out the big IIs before recommending acceptance of the bid, but apparently not. If IIs dig their heels in, who knows?
Interesting day in the market today with buys at 404.6p and bids at 404.4p while the supposed takeout price is 403p. Is there a counterbid coming? Otherwise, why are people buying?
thank you gentlemen, sold my remaining third.
I bought in at the IPO in 2015 at 195p and have reinvested all the dividends. So about a 15% compound per annum. Not a bad investment. I can see Contour Global going the same way (asset rich and a cash cow, like JLG).
The share has been a bit of a plodder. Every time it seemed to find its legs, it fell back again. The yield has been acceptable, but less than stellar. It would probably have taken a couple of years or more for the sp to reach the offer price. Shame there wasn’t any bid competition, but I think it’s a reasonable offer. I’m happy to take my 30% profit and move onto something else, which is apparently what most IIs thought too.
any clue as to who the other investor is going in with KKR to buy JLG? plus, do they have SLA's support?
why would company recommend selling now when all valuations are up in the air following this pandemic? Can think of several cynical reasons but does anyone have any logical reasons?
Anyone know when this takeover will be completed and money paid?
with you here...still trying to figure out why brokers reckon 384 is a good sale price. NAV must be close to that.
Like you went for this on the assessment /tbh: chance it was better and a good long term hold than the share price looked.
Investment strategy is mostly down to luck. One day in July 2020, I decided to take look at who was the biggest faller on the FTSE 250, which happened to be John Laing Group. Having done some research and found that it was a decent company, with growth potential and paying a good dividend, I bought in. Ten months later, I am 18% up. Not bad for a pot luck investment.
nicely timed mr fp.
I hope some people benefited from the call.
Have sold out and increased my position in Henry Boot (BOOT).
that was nice, tho’ tbh unexpected (well,
by me anyway). sold about 2/3 position.
What does this say about JLG's own estimates of NAV?
What might be a good private equity offer for the company? Obviously the market thinks it’s somewhere north of 370p.
Someone else now seems to agree with you..KKR.