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Anyone buying? We still have 800p bid.
why the big drop - what news?
topped up and 2% up already :)
That's a shame but will focus minds on the 800p bid . we should start seeing SP get back up towards thats price. I do wonder what the major shareholders will think about the aborted bid as the RNS clearly comes across as MGGT were not very open or supportive of the higher bid.
https://www.ft.com/content/89685f28-136e-43d8-8a5d-08991bd13ab5
Parker Hannifin, the US industrial group in talks to buy British aerospace and defence company Meggitt, is willing to extend initial commitments to protect jobs and investment, the chief executive signalled on Wednesday.
V glad I sold out at £8.30 a few weeks back .... the time frames & uncertainties made it a no brainer for me .... sorry for any +£8.00 buyers that are now caught nursing potential &/or realised losses .... almost makes you wonder whether the Transdigm 'potential' bid wasn't intentionally thrown into the ring for some purpose.....
i sold at £8.30 or so after buying sub £3.00. No brainers. But the sp just spiked back up! odd. Any reason??
the parker bid, when it came initially, was already talked about as being full. its was very unlikely transdigm, which operates more like PE, would be able to extract significant value on top of the ones parker was seeking at 8 quid. the parket bid all things being is equal, will probably go through, but the noise from the uk government will ensure the shares wont see the takeout price until close to when the bid is set to complete.
Don't think you've been on here before BANNOR so not sure why you've suddenly appeared gloating about your alleged sell, why not mention it at the time ?
.... actually held here for about 7 years ..... until more recent times nobody much posted here & that included you as well as me LoL
I had resigned myself to pretty much awaiting for recovery here until the PH offer finally pushed me into a reasonable profit made better by the Transdigm interest..... apart from that not much bothered about whether you believe my selling or not..... thought it was a shame people may have got suckered into paying over £8 a share only for the rug to be pulled out from under them typical poor outcome for PI's & it was that news that prompted me to post here, whether or not it was the first time on this share or not & guess what I probably won't be posting here again as I have no remaking interest in it....
A 70%+ premium was a fantastic outcome for PIs. Anybody who bought after the initial offer was taking a gamble, sometimes it works out as with Morrisons, sometimes it doesn't.