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The “??” was a laughing emoticon. It seemed appropriate.
“This is a 22% premium to the original 640p per share offer price announced October 2020”
... and a 10% discount to the current price of approximately 854p ??
@Know0: “Thats not ramping - I am showing my workings”
Hi Know0. I wasn’t referring to you.
I haven’t mentioned my concern before because I didn’t want to upset the BB. I’m just concerned that some people might be drawn in by the predictions of the skies raining unicorns & gold ingots.
@Bloodpressure:“I expected more of a rise too...”
Hopefully people might start to realise that some people on here have been ramping, causing others to have unrealistic expectations.
“Special dividend? Is this anticipation?”
I would be astounded if that were true. If the news is good, I’d expect and hope that they’d pay off debt rather than pay a special dividend. I’d consider it foolish and a sign of poor management if they did the latter.
I have no idea what will happen tomorrow - I’m not going to ramp or spread fear. I just ride the waves.
Too many “offers” - sorry. A bit like Nova!
You must have a different system with your broker (odd). With mine, the default is not to accept the offer. Therefore if people do not vote (as you say), they do not accept the offer.
That’s eminently logical - I would imagine that they can’t have the default being to accept the offer as that means anyone not seeing the offer would be deemed to have accepted it, for example. I can’t imagine that that would be acceptable in law, which would explain why you have to take positive action to accept the offer.
Do you have a default of accepting the offer? I don’t see how yours can be different to mine.
P.S. I ignored the first offer. I still have my shares - the system didn’t take that as accepting the offer. I will ignore the second one too.
I hadn’t read it. Thank you.
I wish I could vote against the offer. I have a choice between accepting the offer to buy my £10 note for £9 or not accepting it. I haven’t got the option of telling them what I think of it, sadly.
I don’t want to sell even for £10. I want to leave them untouched for 2-5 years and then reassess. I could hold them for far longer.
I couldn’t agree more. It’s a fascinating article.
I laughed when they extended the offer because they haven’t had sufficient numbers take it up. “Roll up, roll up! We will buy your £10 notes for £9! Turnaround time for paying you is about 10 days compared with 2 in the open market. The open market will pay you £10 - wait 6 months and it might pay you £12 or more. We encourage you to act quickly”. I bet you do!
The reason they gave for the offer was ridiculous.
Thank you, Falcon01, for sharing the article with us.
Am I right in thinking that they now have approximately 60% of the shares i.e. 50% before the offer and 10% gained through the offer?
I gather that the 20% acceptance was 20% of the outstanding shares i.e. 10% of the company (not 20% of it).
I’ve never seen a takeover bid offer such a small premium above the share price. If we are going into a supercycle, as is being speculated, it’d be foolish to sell.
DTY did a similar thing two weeks ago. There was no apparent reason for a significant sudden rise of approximately 10%. Then they revealed good news and the SP shot up (by over 60% in one day). I’m not saying that’s going to happen with TED but I am saying that it might be because some people know something we don’t and are buying in.
The other side is that a 10% rise one day can be followed by a 10% fall the next. And I do wonder if market makers drop the price to encourage people to sell, then jack the price up to sell their newly acquired cheap shares for more - and people buy in because they think it’ll carry on rising but it falls back. There’s no such thing as easy money in shares.
It’s a massive rise for no apparent reason. I wonder if there’s good news yet to be released and those in the know are buying in.
I’m guessing. I have no idea why it’s risen.
“...comes across as wishful thinking”.
@downbutnotout, why do you think that the high 70s are possible today?
If you mean “It’ll bounce sometime” then I agree with you but anyone can say that - no one knows when it’ll bounce, or to what level. Saying that the answer to both is “today” and “high 70s” comes across wishful thinking.
The next question is whether the bounce will be part of the general trend down or the start of a reversal.
I thought I’d write this for anyone who is confused, especially as the deadline for the rights issue decision is tonight.
The current share price for the shares via the rights issue (“WTB NP” meaning Nil Paid) is just over £10. WTB shares are just over £25. If you’re thinking that means you’re being asked to pay £15 via the rights issue for shares currently trading at £10, you’re mistaken.
Your right to buy the new shares has a value because it is the right to buy something currently worth £25 for £15. You can sell that right for £10/share. Or you can exercise it for £15/share.
That explains why the difference between the two share prices is £15.
(This is my understanding - do your own research).
Thanks to the newbies for posting their first ever comment to help, and to everyone else who has commented.
I’m writing this just to bump it up the listings, in the hope that Crashbc will see the replies in support and that more people will offer support and also report the original post in the hope that LSE can contact Crashbc to offer help. There’s going to be others who feel equally despondent.
I’m lost for words. Someone else has written a disturbing comment under the thread “Death” and it’s just terrible. I’m so sorry for you all.
0011, you may do better next time. You don’t have to get it back the way you lost it. You may find better shares.
Thanks. I’ve reported it too in the hope that he can be helped urgently.
If you are reading this and don’t understand it (like me when I first read it) see the separate “Death” thread. Someone needs help. It’s awful.
Sock warrior, what you say in your initial comment is right but there are ways of saying things. There’s a chasm between pointing out people’s mistakes and rubbing their noses in it.
PIs are naturally attracted to get rich quick schemes. Some friends of friends advised me to invest in an oil company years ago. Their research was “It’s gone down a lot”. That’s it! I avoided it like the plague. It was a hot stock at the time. The next time I looked, as a matter of interest, the share price had indeed plummeted. Which explained why, when we’d met since, they didn’t mention the company.
Good God, I am so sorry. That’s awful.
I was commenting on the offer, not on anything that did or did not happen before then. I’m not aware of any dodgy dealings by Anglo.
I am so sorry.