Member Info for CDF1

Please ignore the last post re PWC. That was an old post. Need to put on my glasses :-)

https://www.pwc.co.uk/press-room/press-releases/McColls-retail-group-plc-the-company-and-subsidiaries-in-administration-completes-sale-to-alliance-property-holdings-part-of-the-morrisons-group.html

https://www.msn.com/en-gb/money/other/7bn-takeover-of-morrisons-can-go-ahead-competition-watchdog-confirms/ar-AAYfT1D?ocid=msedgdhp&pc=U531&cvid=c85a80634b994c7196f741515f828981

It will happen sooner or later!

And until then both sides can play whatever games they like!

In Rahul I trust !!!

ATB (genuine) LTH's

Everyone will have different entry points and exit points and all holdings will be different.

Even a few select holding in the millions at various points up to and including 20p+ will have a safety cushion where some will not !

Lots is happening behind the scenes and it make take some time to come to fruition!

I am holding until £1.50 then I'll review my exit strategy thereafter.

GLA (genuine) LTH's

I too would appreciate SB's thoughts.

ATM silence is golden !!

https://www.capricornenergy.com/

Buy, Hold, or Run ?

3rd time lucky for me on Mergers so fingers crossed !

ATB (genuine) LTH's

daytrade77

Interesting first post !!!

There were many investors that didn't just punt this some were very long term holders.

So F*C* off you small-minded opinionated self-righteous P*I*K !!!

https://www.defenseworld.net/2022/05/25/tullow-oil-otcmktstuwoy-raised-to-buy-at-zacks-investment-research-3.html

1887

IF you could find a barrister to take the case I for one would be prepared to chip in, the way we have been treated absolutely stinks!

It is expected that McColl’s will be delisted from the London Stock Exchange shortly. This will not affect a shareholding as such and shareholders will continue to own the shares. The shares will not be permitted to trade on the exchange.

https://www.pwc.co.uk/services/business-restructuring/administrations/mccolls/shareholders.html

I think for NOW the name 'McColls' will remain, BUT in time there will be a rebranding that will include 'Morrisons'.

They are worthless now as not able to trade, but they will be officially worthless once they decide how to mug us off again without any further comeback !!

ALL of them need investigating it's a total disgrace.

1887

Their certainly putting what was left of the fund raising to good use !

Did my first full weekly shop at 'Asda' today, would or normally been 'Morrisons'.

Can't see me reverting back the choice at 'Asda' is far superior :-)

That's just over £80 they would of got, alas not anymore!

I've been in business since 2009 and still have the same loyal customers, reason being is that I look after mine :-)

You've been very shortsighted selling us down the river 'Morrisons and 'McColls' !

Thepipersson

Maybe this administration business need looking into
**ABSOLUTELY - IT'S DISGRACEFUL !!!!!**

Been waiting since Dec 2019 !

Someone please wake me up when were at least half way there ! Zzzzzzzzzzzzzzzzzzzzzzzzzz

STOCKBUSTER - fully appreciate what you are saying.

My target is £1.50 (this breaks me even on my whole portfolio) and it might take a while but I will be holding until then.

Bonus is when it reaches my target all my other shares good, bad or otherwise I will hold until I retire in a few years.

ATB

https://www.insider.co.uk/news/issa-brothers-missed-out-rescuing-26998318.amp

STOCKBUSTER

It's the most unpredictable share ever ! It's up - then it's down, then it's up - then it's down !!

It's what you would call a rollercoaster share, and chances are it could up to 60p by the 25/05, or back down near 50p!!

Who knows, nobody really knows tbh.

One thing is for sure it keeps us ALL entertained !!

Whilst nothing is 100% confirmed as of yet it is highly unlikely that 'Shareholders' will receive anything from the pot !

At this time they are only 1 week into the administration and there is still much to do, when asked do they think 'Shareholders' will know the outcome for certain within the next 4-6 weeks the answer was probably not !

I was referred to this document:-
https://www.pwc.co.uk/business-recovery/administrations/assets/mccolls/mccolls_sip16_20220516.pdf

And advised that within the next 2-3 weeks more information should be available upon their website regarding proposals etc.

I voiced my disgust at how practically everyone will be paid off except for the 'Shareholders' of whom kept the whole thing ticking along ready for takeover.

The response was as I expected from PwC - non-committal.

Ends.