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How long would a deal take to go through from agreement ? Just need to move some shares into my isa ?
Hi Gfhhf
There is no set timeframe, and don't forget nothing has been agreed yet!! CAY took six months to get theirs through, though this was longer than expected. CAY was also presented to shareholders as a done deal, and we have far from that here.
@andsoforth,many thanks for that.Like many I’m sure,I want to try to work out the best time to sell.
ATB
GLA
Good luck, my friend. Don't forget the option of continuing to hold. Give it a year or two and the dividend should be reinstated, and this could return to being a decent income play.
@andsoforth,Im new to investing with a lot to learn.It’s been stated that when the takeover happens the shares are automatically sold ( ie no option to hold / transfer to new company )…I am now confused ( richer than last week though,thanks to Menzies )
Hi F1
If there is a takeover, the offeror will state the terms quite clearly, and there will be a vote. In this case the offeror is listed in Dubai, so they will probably NOT offer shares in their own company as part of the deal. Any offer is likely to remain all cash. If a deal is accepted, you can still sell, but will likely get a bit less than the offer price. Some people will do this to free up the cash. BUT don't forget the offer has yet to be accepted. The Board are NOT currently recommending it, and say the company is worth much more. This could still fall through, and around half of takeover offers never come to fruition. Also there is a possibility another bidder may come in, such as Swissport, which could force the price higher. I had fair value here in the 400s!!!.
CONGRATULATIONS on your success so far though! I should really ask you what else you have your eye on!
Also, please be aware most posts on these boards are pretty ill informed, and some are designed to deliberately mislead. Be careful! On top of this, please know I am a rank amateur with a very poor investment record.
Good morning @andsoforth,thanks for the info.Re takeovers, I was lucky to make a little money from Morrisons and Blue Prism.I have a combination of aviation,tech,mining,retail and banks.The only reason my portfolio is now very slightly in profit is due primarily to Menzies this week.What type of stocks do you hold ?
Hi again F1
I am holding about thirty stocks, with most in insurance, oil and other financials. This is largely coincidence, rather than a conscious effort on my part. I look at the fundamentals of companies, and buy when I think there is value there. I bought MNZS because, although there is a fair bit of debt, it seemed to have failed to recover noticeably, and was pottering along making a decent profit even in hard times. It is not my usual buy at all! I am now of an age when I am acquiring some dividend payers for retirement. Hence I have a decent few AV. and DLG. You seem to have a nicely diverse portfolio there. Much more so than me!