Firering Strategic Minerals: From explorer to producer. Watch the video here.
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First time being through a possible takeover.
I only have 1042 shares but would it be better to sell on an announcement or wait till the takeover? For example are getting national express shares going to be worth a notable amount more.
That all depends on your own poiMr of view. So you see value in the new larger company? Are you looking for growth value? Everyone invests in any company for different reasons. I'm in here because I like the company and because of historic good service from them.
Others of course will have their own reasons for holding.
As a general rule of thumb, it’s physchology based, price rises dramatically day one, followed by small sell off end of day, then the hype starts (watch this board) morning of another rise and then profit takers come in…if there’s another rise after that it’s because of news of other bidders coming in
Often the price will rise 2-5% above the offer price as big investors (typically hedge funds) expect a higher second offer or offer from another party.
So money to be made at different stages. Best advice is don’t sell up on first day because you be kicking yourself at lunch time the next…
There’s obviously no crystal ball, but if takeover/merger comes off, all or some of what people have stated may well happen , but there is no doubt The new NEX& whoever group will have a massive, varied established organisation that has the scope and potential to rise very sharply in the mid term ( depending on travel restrictions etc ),
I would be disappointed if sgc shareholders don’t a have an equivalent share value of over £1 in the early part of next year and no reason why sgc holders couldn’t have the equivalent values of around £2 , as seen in the not to distant past .
I am however in a positive mood, like most are when share is on the rise.
Good luck shareholders.
I was kicking myself when it hit 108 back in April time, got greedy holding for 110. Just getting itchy feet after holding since March 2020.
Hopefully we hear more new tomorrow.
I am beginning to wonder if NEX have deliberately delayed proceedings here to see exactly what SGC come up with in tomorrow's results so they can see the lie of the land as it were and if the strikes have had an impact on earnings, maybe in the hope they have had an impact, and they can then negotiate the final offer price down - the results could be huge tomorrow for SGC - if they are good then they are in the driving seat in terms of dictating the final agreed offer price, and if earnings still hold up I believe this would also encourage new bidders into the frame -
dyor etc
Very good point indeed. Nex won’t have an idea what the year end accounts look like but they may have a better idea of more historic financials