Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Just updated it’s revenue guidance for 2021 to $850m!!!
https://www.globenewswire.com/news-release/2020/11/13/2126388/0/en/DraftKings-Reports-Third-Quarter-Results-and-Raises-2020-Revenue-Guidance.html
Think it was already priced in. The ‘ifs’ and ‘buts’ in the statement probably leading to some positive sentiment
was sort of expecting a drop after that news?
At least the waters are clearing.
Rns
Apollo definitely out , runs this morning
To b honest we will know soon and who knows what the outcome will b , but just like to say , it’s been a great post chat some great thoughts and clever answers , good luck to you all in your new shares , if this is the end, thanks all
RTPC it is possibly for cash flow but arguably institutional investors would have known the timeline and their cash flow and would have exited when price was above 272. I would be surprised if private investors are moving the price due to cash flow - but as i say also a possibility
May be like why i sold at 272 few weeks ago to pick up some bargain shares luckily paid off for me over last few days could of easily gone the other way and more bids come in but my gut reaction was it wasn't going to happen
I think people are selling for cash flow reasons: if there is belief deal is done and 272 will go through, sell now to get cash out rather than wait until H2 2021
A good question. I am hoping that transactions below the takeover offer price reflect that some are concerned that the initial offer will be rejected and there is no guarantee that Caesar will up the bid. In which case, the price drops. So hoping it is risk mitigation.
Fat chance of the Board recommending a future dividend once the sale has been voted through
Personally, MMS maybe dropping the price to scare people into selling while mates are buying in at mates rates hoping for a very small profit or a higher bid. Whats the worst that can happen, No sale and we end up picking up future dividends which will happen next year.
If this is a certain sale why are people selling at well below offer price ?
Event Time and/or date(1)
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Court Meeting 10:30 a.m. on 19 November 2020
General Meeting 10:45 a.m. on 19 November 2020(5)
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If the worse happens and it does go through at 272 when would we get paid?
thechancers, page 12 of this for current timeline
https://www.williamhillplc.com/media/13644/1a-final-174241-project-charlie-scheme-document-without-blanks.pdf
Is the Vote on the 18th ? Trying to find the info now among all the holdings RNS's is awful
Cheers for your input.
No I honestly don't think so.
The placing was prudent to firm up cash for an ongoing expansion in the US (and general strength).
They can't do sweetheart deals given the insider trading rules, and the SRI/ESG analysts would much off to R&C straight away.
It was much more likely to be sold as a win-win i.e. help us expand slowly and you'll see real value, or it may just encourage a takeover so you'll see a lower return quickly.
WMH at 128 was a good price regardless of what happened after in my opinion.
COmmonSense, what’s your view on a discussion we’ve had before about the placing. Was this a sweetener for the ii’s? Saying take this up so you can average down as it will be worth it!
“for” not “or”.
Deadline or Apollo tomorrow at 5:00 pm I believe.
I'm not sure where I said anything about the "major players" (whoever they are) selling their positions?
I'm saying the opposite, that the funds can't just sell out of an index position in the majority of cases. They have rules they must adhere to (which are sometimes detrimental) and the managers have less ability to act that you might think.
I've tried to explain that the reasons proposed on this board for a possible rejection of the offer (which included that all the funds would have sold above 272 if if they were going to vote yes) were not in line with my 20 years experience in investment management companies.
I do think some of them will still vote no, but not enough to block the deal in my opinion.
I'm not sure where I said anything about the "major players" (whoever they are) selling their positions?
I'm saying the opposite, that the funds can't just sell out of an index position in the majority of cases. They have rules they must adhere to (which are sometimes detrimental) and the managers have less ability to act that you might think.
I've tried to explain that the reasons proposed on this board for a possible rejection of the offer (which included that all the funds would have sold above 272 if if they were going to vote yes) were not in line with my 20 years experience in investment management companies.
I do think some of them will still vote no, but not enough to block the deal in my opinion.