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Can anyone explain to me a pure novice ...my average is 185...what will happen after the boards probable approval of Avnet deal...and it's right I won't be able to sell as normal as shares will have moved on...yes? Tx
That's what I was thinking about also! I was pleased with the takeover offer until I realised my average was 187...
You're right. I could be going mad. A higher offer in the offing…hopefully?
Look in PFL Financial Diary. Could be a misprint but could explain the higher price
Not sure what you mean by that. It is already ex-Div. But does anyone understand why there were buys above 165p yesterday? Why pay more than the takeover price?. And sells over 165?
Final dividend shown as June 23. Maybe the reason for the current price
glad to see small consensus in what I saw as most sensible option! Also sold small holding today. a top up on JLP - interesting - hold a few there myself and topped up many times but don't think I have the patience or confidence for more there. Considering WMH on back of steepish decline, expected upturn after Euros and decent yield. Any other suggestions?
better sold now. (i sold mine - only small holding) and invest in the next company. i used the proceeds and top up in JLP and WRES.
ditto, I'm out
anybody have thoughts on whether worth selling now or holding off for the bid to be approved and completed? In my head if you sell now you still get dividend, and get price today which is c£1.64. Alternative is wait for it all to be approved and receive £1.65?? With the potential opportunity for a rival bidder?? I can't see rival bidder as looks like it is nicely tied up so thinking of selling now rather than holding off - am i missing anything?
out of interest the company is based in william tell country so you will hear the WT overture soon https://en.wikipedia.org/wiki/Tell_Monument cat
Totally agree.
Thank you Daetwyler for giving me the perfect opportunity to get out of this lagging share.
Today's rise due to this: Swiss-based Daetwyler Holding AG has agreed to buy London-listed electronic component distributor Premier Farnell for 165p per share in cash.
Surely this means love is in the air ?
What about today's rise?
What about today's drop? Any news?
The drop is a little overdone, they are still paying really good dividends, still profitable and should have little debt. Just need the forward strategy for growth to talk up and act on with the new chief exec.
According to Sunday Times, from April, Chief Executive will be Jos Opdeweegh formerly of Neovia Logistics.
Various things spring to mind; - Sale of Akron Brass & Cash Injection - Hsbc re - rating- upwards , and in comparison to rival ECM - Still lacking a permanent CEO - therefore perceived as a continual takeover prospect.. -- positive £ / $ exchange rate conversion for their US operational profit
Does anyone know the reason behind the rally today apart from the closure of all shorts? It's unusual for this to rise by a high percentage, which makes me think that someone knows something is coming up very soon?
According to Short Tracker, there are now NO short positions on PFL - they have all been closed. I wonder if the shorters know the price is about to go up. Could this be a prelude to a merger/takeover?
http://www.iii.co.uk/articles/293828/stockwatch%3A-share-looks-too-cheap
The upside of today's SP is resulting from a rumour by a Chinese bidder reports by the Independant:- http://www.independent.co.uk/news/business/sharewatch/market-report-premier-farnell-boosted-by-rumours-of-chinese-bid-a6800051.html
mid-Dec now looking like something of a capitulation. Price action and strongly-positive MFI since then indicate a buy. Other tech indicators also point to a buy looking at daily time frames. I am in. PFL needs to get a grip on its debt pile. If there was a credible plan to deal with this, IMO the price would soar. I think a PFL/ECM merger would make a lot of sense but would lose a lot of jobs.