RE: Pyrrhic Satisfaction13 Sep 2017 10:29
if you take the prices right now, convert your shares to money based on 37p and no trading fee, then calculate the number of Clinigen shares you'd get (oh and that figure will never round completely, so will see if they round up or down, mine comes to .87% of a share so hopefully they round up!) then even take then current bid price as your valuation for them, not including trading fees you'd come up at less than 82p per share, for me, the figures worked out at a valuation of 0.8099 per share, so basically 81p
and that is before any sort of fluctuation in their share price, which could of course go up once the realisation sets in that they got a bargain.
For me, my holding isn't big enough to want to keep the small number of shares they'd give me, so i'd want out asap to try and realise the full value of the offer..... but, as Beevorma says, they could see a drop as soon as we are able to start selling.
It will be interesting to see if the traders try and jump in now to see a small profit come deal finalisation and cause the price to rise close to the offer valuation
Fortunately, i'm healthily in the blue on this one, but too feel for those that are sitting with higher averages.
I would also be very skeptical if QP. release any sort of RNS claiming "realising shareholder value" when taking this deal, i am of course assuming that they are going to recommend accepting this offer