The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Good posts everyone- yes the discount is partly because people sell out early and put the cash into other investments due to long time to wait
I sold my spare shares of Dark and already made up to 10 % in a few China funds listed in Uk .. I could switch back to Dark if I feel there will be another bid , but no sign yet , and accept I will miss the boat if it happens
My main holding of dark is still being held in the “ hope “ of a higher bid coming somehow - either if current shareholders vote no to 620 p or if smother entity bids ..
No guarantee but worth the wait
As for exchange rate I see that as a minor point , Uk interest rates are likely to drop first in Summer so pound on the weak side versus USD , do in fact I am fairly sure we will get around 620 p
Thinking of it Thoma Bravo are not only buying at cheap price 620 p but also the pound is relatively weak so normally pound is 140 /150 cent to the pound but they are getting 10 per cent cheaper and a year later after Usdollar drops then their Uk asset rises by 10 per cent with them doing nothing , so honestly it’s easy for another bidder to justify coming in ,
Uk stock market rising too !
I will bet a bottle of red wine 🍷 to myself another bid at higher price will come
The Hangseng is going up and if I knew if and when another bid for Dark could happen , I would have switched. Before the next bid , out and in just before next bid
It could happen anytime , if and when
Pound could go weaker versus dollar
I will be in Uk around 16 June for a week or so including in London , perhaps Sheltie and others could suggest a good place and time to meet for a beer in say London , HKK , and as many oldtimer and new Dark holders ! Even those who sold out of course welcome - it’s over to someone else to arrange if possible around June 16 to June 30
I have learnt my lesson from last year - certainly TB might just buy Dark for 620 p
The Times newspaper says hold which is strange unless at least a small probability of higher bid
Are you willing to bet a bottle of Red wine at 10 pounds a bottle that there will be no higher bid ?
I think I have said most of what I can say , now very little from me - very busy travelling too next 4 weeks , so over and out … wait and see , anything can still happen ( just different probabilities)
Lets avoid personal attacks
Mutual respect
Alternative views welcome ...
The fact is no one knows (except those perhaps planning a takeover bid secretly ) have any idea if a higher bid will come in (including me)
Does anyone know the timetable for a Vote etc...
The vote may or may not succeed
If you believe the Vote will succeed, and no other bids, feel free to sell all shares now (honestly if you can find a better share that can go up by more than 5 % in next 3 months why not)
Even if the Vote is no, I believe Dark will be at 600 p wiothin 6 months anyway...
So one reason I hold most shares now.....is for a higher bid to come along if it does, great, if not then move on to better shares
Sheltie I respect your views, except you were too bearings 250p
Now a zero % chance highly likely as AI investor says...
Zero or 88 per cent who knows ....what is sure no one knows if anothedr buyer will emerge .... but as still some time ....I give Dark a chance of a higher biddeer.... but certainly those who believe no other bidder will emerge is a fair view too
Just pulling your leg with the Sun...I do glance at the Sun for news too!
I bet 88 per cent likely as of today , still time
Feel free to post your probability guess from zero to 100
Sheltie might be low say 15 per cent and I am higher today 88 per cent
Please post we we get an idea - feel free to add any reasons for your guesstimate
Thanks