not in but think u are right the deal will go ahead but its too complicated
1will sbt bid themselves down again if gvc stall at the new offer
2 if u have to take cash and gvc shares will the value of those fall before u can sell and do u out of profit (I've never been in that position so I simply Dont know how that works)
3 risk reward ratio is not in your favour the only thing u know right now is u are in good profit.
at the end of the day its up to u but the best of luck is all I can say and hope it works out for u
if it doesn't go ahead I might be back around the low 20's mark
sold most everything yesterday including this and wouldn't have sold this but the market is well overheated and long overdue a pullback. I just don't want to get caught in the rush. As for sbt the sp is softening again and could pullback to about 47p before a bid or rejection. Its insidious state of affairs cos a rejection would put us back in the low 30's along with world probs low 20's and the reason for the rejection most likely too high a price tag near £1. that's the insidious bit.
a little late though by the time i'd worked out what i was going to do, crw had busted through 340 (resistance) so, I took a smaller stake than i wanted at 345 (to limit risk). Still ... up is good.
Was always just a matter of time with this share (bid speculation I mean cos bidders know by now that time is running out to make a viable bid) I'm guessing that sbt will be looking for around the 90p or more now. I dont care its a well covered 5% div for my money.
Has always been a strong level but once past 40/42p should follow soon enough. At least the weekly resistance trend line is out of way now last time it tripped us up it was around the 42p area but we left it behind at around 32p this time so the way should be clear to the 50p mark where it stayed for a long spell before the bid from Lad
Can you post a chart? Sbt seems to have tested and consolidated at every price level, which is an encouraging sign a bigger move must be imminent and the fact the weekly down trend line is well and truely broken now. Just my way of looking at it.