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With the news that the board will unanimously recommend the offer of 608 per share - do you feel there's much value left in holding?
It might take months for the deal to materialise - which in itself has opportunity cost.
The only real driver I can see for holding is the hopes of a white knight...
What are your thoughts?
I tend to sell and move on to the next opportunity. I assume this will trade slightly under the agreed price at about 600-605p range, better off selling rather than waiting months for a slightly higher final price in my opinion.
Just to confirm, I have read the RNS. Although are Menzies basically confirming this is now sold at 608p? Is this now a done deal at this price?
@TomBeef - I think MNZS disclosed in the RNS that the offer is not final - though for all intents and purposes it can be considered as such, for NAS has said its their highest price, and the board has unanimously agreed to accept it.
However, per the RNS - NAS reserves the right to increase the price should a White Knight appear with a firm offer. Equally NAS reserves the right to lower the price should MNZS declare a dividend, whitewash transaction etc
Thanks NotFaintAtHeart, I think I’ll sell once it hits 600p
and start searching for a new investment. I’m sure some will go into topping up my RR holding.
Any educated guesses on how long these type of deals take to go through? Weeks or months?
I’m tempted to sell half and hold half…..
Bill Gates investment vehicle...Cascade Investment, L.L.C They lost out last year on the acquisition of UK listed aviation logistics firm Signature Aviation plc...that is the only other party that could move quickly...next two weeks are touch and go...Im holding.
Well done and congratulations to all here.Either way everyone’s a winner.
GLA
ATB
Wondering if it’s worth waiting one more day? ie NYSE is closed today.When they re open tomorrow,would that have a positive effect on sp?
TIA
I’ll just hold for now have some spare funds no need rush no point giving free money up and you never no if another bid does appear.
We are 4% from the 608p. It depend how much 4% means to you.
For me it is enough to hold and wait for full payout at 608p
That’s me sold.
Lovely chatting to you all since 2020!
What a great two years it’s been. I’ve walked away with £15,000 profit from Menzies. More than happy. Too many bargains elsewhere for me to continue to hold this now for 4%
All the best everyone! :)
Bought more of RR today at 112p so very pleased.
Yeah I'm out too. Aviation services mightn't look as good when Putin gets really stuck into Ukraine - who knows - NAS might reconsider. A bird in the hand and all that.
Best of luck all
Great chatroom for the past 2 years, not much nonsense. I bought in first chunk couple of years ago at 102p. Sold the last chunk yesterday at 589p. Good luck everyone.