The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
I did last friday or saturday. As I understand the rules the company making the offer has 28 days to make a firm offer from the first date of signalling an intention. If another company makes a rival bid then the clock restarts again from the date of the second bid.
about another 18 days I think unless someone else makes an offer and the clock restarts again. I'm not worried by the price drop the big boys are holding and so am I.
It depends on the offer from Black Sea Global but estimates on here and Interactive range between 22p and 50p based on NAV. Also if one of the other 6 bidders steps forward we could have a bidding war.
Luckygold - Thanks for the breakdown. Liam_74 - There are your shares and when the offer is excepted and finalised the cheque is in the post to you.
Hoodless is showing the sell price which should be 8.5p. It is not uncommon in AIM shares for the spread to be widened downwards at the end of the day. Besides you only make a loss when you sell.
http://news.bbc.co.uk/2/hi/business/8016204.stm RTY portfolio is 59% German (I think the percentage is right)
Found this on Interactive Investor http://www.finance-glossary.com/terms/takeover.htm?id=1639&ginPtrCode=12738&PopupMode=false By my calculations we are on Day 8 or 9. SO Black Sea Global have to confirm within any 20 days or the bid must be withdrawn. If another bidder steps forward within the next 20 days then the clock will restart. I think this is what LSE website means by 'bid situation' That a clock is running as the time runs down you may find more buys coming in the expectation of posting of documents nears.
If you promise to be sensible look at the last monthly report Rutley quote on the left the NAV is equal to 46p. Have a look for yourself. http://www.rns-pdf.londonstockexchange.com/rns/8256P_-2009-3-31.pdf
Ignore him, its 6billion ipo back again. look at his previous posts. Admin can you block his ISP Address? It seems every night we get a nuisance poster at this time with the same rubbish
Not bad at all but if you read the last monthly report 31/3/09 from Rutley they quote their NAV at 46p a share. Which is still a good figure. The question everyone is waiting to be answered is will that be the offer price put on the table?
No problems but I might have a tip for if this comes out in time.
Nothing major at the moment but I don't think anything will happen until after the 28th. Some PIs out but nothing major from Institutions. I think about 115000 shares in total but nothing to worry me about. Black Sea Global is the only bid on the table so far. Just a few quiet days really.
Maybe this time but then again there is a raft of news coming out every day so it isn't possible to catch every little bit.
It's about speculating but it may help MMs profit if they first scare out a few people just to increase the margin and to corner the shares themselves. TideClock: I found this on Fastrade: Edited Press Release LONDON (Dow Jones)--Black Sea Global Properties confirms Friday that it is considering making a cash offer for Rutley European Property. There can be no certainty that any such offer would be forthcoming. (END) Dow Jones Newswires April 17, 2009 13:33 ET (17:33 GMT) Apart from a change of tense - Present Simple to Present Perfect. It confirms what we already know but may generate some buyers on Monday
Not necessarily. As a shareholder you have a right of voting on all important matters and that includes acceptance of takeover offers.
It needs to be above the highest price paid for a share 3 months before the bid is made.
I'm not sure because this is my first takeover situation. However, there are two possiblities. 1) Time ran out and the comapny went bust. (Unlikely as the bidder would withdraw and long before and wait to pick up the pieces much cheaper) 2) Your cheque is in the post. This is a cash offer from Black Sea Global not an equity offer so you won't have a share swap only a cash sum at the end of it.
I'm only in PDF but I have great confidence in them as a long-term hold. I think the market may leap quicker than that. There are already shortages in some catergories under 3ct.
This is a punt share for me and my main holdings and expertise is in diamonds. I hope these come good and I make a profit and I'll hold mid-term if necessary. I'm in no hurry unlike those that sold today.
One day I did that with TNI. Put in a sell order for 36p after watching it for 2 weeks bounce between 30p and 34p with the occasional bounce to 36p. I thought put in a sell order for 36p then buy back at 30p. What happened? I sold at 36p it went to 35p then shot to 42p :(