The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Same Hardy, bargain here today and won't be long before you can no longer buy shares here. With IG so will be easy to sell on ASX if needed :)
An78 - sorry to hear that, that’s rough. Looks like quite a few took advantage of that drop too, I know I did..
Ooops double post Now 5.2p to buy so going back up
I have just topped up, people selling are crazy. An78uts you can always buy them back, annoying I know but you can buy back at 5p at present
What a bargain, I have added here today. Am78uts, its not to late to buy them back. I just added at 5p
Man that sux! That's pretty much 50% of the 9.77p quoted as the estimated equivalent after the deal, can see why your gutted! Looks like you had a decent number of shares too.
Auto sold my holding today at 4.94 as i didnt get a certificate in their deadline. Gutted!!
No point selling yourself short at the minute, nor straight after suspension. Let the dust settle after the long stop date at the end of May and make a decision then...
Agree with you Bunco, no chance of seeing 10p before takeover. In my opinion the NWF share price will open up somewhere between $0.15 and $0.18 following the consolidation which equates to between 6.50 and 7.90 in terms of STEL shares. Just my opinion, would be delighted if they opened any higher than that but can't see it myself. There is a reason why the current STEL share price is where it is.
I can't see the price increasing any from current price. These shares are a good deal but you'll need to wait for a bit to get a decent return, 10p before suspension is off the cards, unlikely to be worth anything like that after the deal is done, so no way they'll get there before, more like equivalent of 7-8p I would imagine. Wait a further few months after that and I can see 10-12p.
If you have a certificate for your Stellar holding then your broker may already not wish to enter into any sales. You would need to get the certificate and signed Crest transfer to your broker in order to allow them time to process the transaction before the register closes this Thursday. If they allow you to sell your holding and it remains unsettled beyond Thursday the transaction will have to be settled by the transfer of Newfield shares, you would therefore not receive the sale proceeds for several weeks. Nominee/ISA/SIPP holdings are normally traded on a T plus 2 basis so any sales executed tomorrow would settle first thing Thursday morning without any problem. If you are thinking of selling any later than that I would advise you to check with your broker. Good luck.
To all those experienced, do we think that after the court hearing and the deal is sanctioned, the sp should see a good rise until dealings in STEL shares are suspended? I would hope that we could hit 10p, in which case I will likely sell up prior to conversion to NWF shares...
I'm down a similar amount... looks like the easiest way is to let x-o sell them - and shaft us over the exchange rate!!
I'm in at 2.3k. Currently down over 800 quid 40% loss. Just hoping to recover loses at least will just let x-o sell as can't be bothered with share certificates etc.
Out of interest what have you decided to do? Only bought �2k's worth so may just let them sell them on my behalf now.
assuming 50000 STEL stock @ 6.5p + �10 deal fee = �3260 (currently less than 6p to buy) 38110 NWF stock @ 0.17 (currently suspended at $0.24) = AUS $6478 = �3503 (includes �60 costs) = �245 profit
Expecting to see a slow rise now into next Thursday as people look to get in before the suspension. Fingers crossed the NWF share price will hold up fairly well following the consolidation.
Everything going to plan then, can't see anyway it won't be sanctioned next week and carry on according to the set out timetable.
Completion of the Combination remains subject to the satisfaction or (if capable of waiver) waiver of the remaining Conditions set out in Part IV of the Scheme Circular, including the Court sanctioning the Scheme at the Scheme Court Hearing, which is anticipated to take place on 25 April 2018. Subject to the Conditions being satisfied or (where applicable) waived, the Scheme is expected to become effective on 26 April 2018. Assuming the Court sanctions the Scheme at the Scheme Court Hearing, in accordance with Rule 41 of the AIM Rules for Companies, application has been made to the London Stock Exchange for cancellation of Stellar Shares to trading on AIM to become effective at 7.00 a.m. on 30 April 2018. Conditional on the Court sanctioning the Scheme and the Scheme becoming Effective, the last day of dealings in Stellar Shares is expected to be 26 April 2018 and the Stellar Shares are expected to be suspended from trading on AIM from 7:30 a.m. on 27 April 2018. The New NWF Shares are expected to be issued to Scheme Shareholders on 3 May 2018.
was this morning - awaiting update, next event 25 April scheme court hearing
Dnt think I will be in a rush to sell my NWF shares as there may well be a rush of selling when this all goes through which might surpress the price a bit
If your after the wine as a bonus go to offers. It will state there but like I said investment or transfer is 10k minimum. Having said that I wonder if that was just to transfer your Pension across but have a look anyway. Everybody loves a freebie...
thanks TJ. I did sign up ... but wasn't told about the wine! thank you again! BB
knotty - read back through the last week or so worth of posts - lots of info/advice there...