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Well seems like their is still life in the old dogs perhaps Morrison’s will similarly take a similar view after pressure to not sell investors short?
I could be wrong but Thur 24/06/21 was the official day RSW demotion to FTSE250. Tbh we will never know the true reasons why a stock rises or falls, so I just try to accept the story the stock is telling me at that time even if it’s the opposite of my opinion or expectations.
Very odd fall - what is causing this? It is cheaper now than before the sale was announced?!
odd though - a third more buys than sells and its dropped off a cliff again today. thought my avg at 56 was good. not anymore
might be time to bail on this one. mkt hates it.
back to 3 quid?
I reckon it is orchestrated to get a lower price agreed...
Ooh painful drop. Despite the quality of the company potential buyers getting cold feet with the conditions attached and prob can’t justify paying that sort of premium. Hopefully the co or parts will find the right buyer at the right price.
FSP process combined with morally sound founders with fixed view of suitor compatibility. Wholesale breakup is considered HIGHLY unlikely. At least in the short/medium term.
Expect integration into suitors business with restructuring, site (real estate), duplication product crossover type cost savings followed by select sale of minor divisions, sites.
Plenty of cost saving opportunities and extensive patent protected product portfolio.
In summary lots of sp growth opportunity in medium term! Just saying ;-)
With the SP appearing to have settled in the 6350-6450 range, are there any buyers?
Bit crazy... For sale sign goes up one day, promoted to ftse 100 the next!
Arti.
I've spent all morning watching this, having sold yesterday at 6902 and have just bought back at 6447. Skipped the first round ob buying at 6550.
Made another £550 shorting. Only a v small % of portfolio but there for the taking. 10x sales already! and didn't grow even in 2019!
With the way the company is structured its ripe for selling off divisions just the same as other British companies have gone. Possible suitors, Hexagon group, Heidenhain, Mitutoyo, CVC.
Yep, another great UK Tech share which has been excellent over many years , I hope as you say it stay's UK owned, but to be honest I wouldn't be surprised if they had a large amount of USA interest also.
Made £450 shorting it for a few mins. Although briefly £700 in loss. Very expensive and holders seem to agree! 20% rise baked in a sale premium too.
Sad but inevitable news but probably the only way to go for this successful company with the ages of the finders and major shareholders. Let’s hope it stays British and I have no doubt it will not be sold to the highest bidder but one who can sustain the ethos of the company. We don’t want another Cadbury’s!
I know why the RNS' figures are so good.
After years and years and years of patience I finally gave up and sold a quarter of my original holding last week. I'd sold half last year.....
Half year results even better than expected. Adjusted profit up 3x, adjusted earnings up 4x, statutory profit up 6x, statutory earnings up 7x. Divi back at 14p (covered by earnings 4-6x). Cash in hand £186m, up 55% in six months.
With marcap nudging £5b it won't take much of a rise (eg on good results tomorrow) to push us into the FTSE 100, meaning trackers etc will have to buy in. Been a while coming: we were ~125 about 3 years ago.
Wrong board sorry
Topped sliced 10% of my holding at £58, bought mostly at betweem £16 and £24. Not entirely sure what to do with the proceeds. No CGT as all safely in my ISA.
We hit 5860p at the recent peak. The free cash flow yield even by 2023 is projected at only 2 percent at these levels and the current free cash flow yield is just above 1 percent. Expensive for sure, but I'm a long-term holder.
Very nice
The recent rises seem almost too good to be true. Wondering if it's time to bank some profits or hold on for £50
Held since 2011 at 869p. Quite happy to hold for the long term!