Member Info for ashton

Eggshead, your calculation looks correct however sometimes plans go south.

I buy into the Total/Dole story, however I have a long-term price at which I would probably exit. You have to leave something for the buyer.

GLTA

Firstly the following is not my work. The share price of €2.15 is based on a p/e of 7.6%. The average p/e of similar US listed companies is an average of 12.05%. If we were on that p/e our price would be €3.40 which is $4.07.

So if we are at that price after 4 quarters I would be very happy.

However any bad news after we list then all bets are off. Management have a lot to loose so I am not expecting any bad news.

Everyone has gone very quite, all still invested? Further update must be due in the next couple of weeks. The recent news on borrowings & finance costs going forward was very good.

Any thoughts on the $ share price in 12 months?

GLTA

Very positive comments from Goodbody on their Morning Wrap

Hi All, long time holder here. The owner of my local petrol station told me that the operator (not BP) are installing 2 fast chargers, they can charge a battery in 90 seconds. The cost per charge has yet to be announced. GLTA

Official close in Dublin (Euronext) €2.06

I could be wrong however Goodbody mentioned this morning that the existing provision for issues with tracker mortgages may cover any large fine coming down the line. AIB have a similar provision.

I thought that most posters had hit the filter button by now.

Can't see a downside, people need to eat! Give it a year or two and I suspect €2.15 will be in the rear view mirror. The Future looks Good (not very original)

Egghead, just another thought, if you own 1,000 shares at the moment then at the time the deal is finalised they should be worth €2,150. When they list in the US nobody knows how many shares you will have however they will be worth a minimum of the $ equivalent of €2,150.

If anyone has a better understanding please post

I believe this will be very rewarding for current holders however we will need some good quarterly reports to really get the SP moving.

Egghead, this is how I see it, we own 100% of a pie, we will own a smaller % of a bigger pie. Depending on how much is raised when we float in the US we will own less again however the debt level of the bigger pie will reduce by between $500 and $700 million.

Not sure if I have answered you query. I think in 3 to 6 months time wi will be better off.

One other point, Dole PLC (Not Inc as I previously posted) will report quarterly and not 1/2 yearly. We need 4 very positive quarters after the listing.

GLTA

NYS, there are a couple of posts in the ADVFN site about the issue you raised.

SP hit €4.004 for a very short time earlier.

Just listened to RTE, suggestion is that Davy will be sold by the weekend. It was mentioned very recently that we had made an approach. Davy are a very big fee earner, the loss of the Bond desk doesn't hit the bottom line didn't make much of a profit. Time will tell.

Just to clarify my last post. If they raise $700m and we don't participate we end up with 50%, if they raise the lower figure of $500m and we don't participate then we end up with more than 50%, I don't know the exact %.

Hopefully we will get a progress update in a month or 2.

1. We will own 82.5% of the new US listed company Dole Inc.

2. The plan is to raise equity via a placing, total amount between $500m & $700m. However if existing shareholders don't take up or get the opportunity to contribute to the placing we will only control 50% of Dole Inc.

Anyway that's my understanding. If someone knows better please contribute. The very interesting information is that our PE is somewhat lower than similar US listed companies. If and when US investors buy the story the SP should be well north. Bring on $5+ (I hope I'm alive to see it) GLTA

Full details of ownership and any share options will be in the annual report. Some of the board have very small holdings.

Download the Davy App. It's free. Remember Free Advice ......

Results better than expected, SP up, hopefully a dividend will be declared in 2022 however not holding my breath. GLTA

At 1st read the results are very good. SP is €2.10, when Dole Inc lists I am very hopeful that the SP will reflect the true value of the combined businesses.