Member Info for CrystalBallBroke

I think you may be right R1CHARDO, and i also think that perhaps, those holding in that situation didn't buy back the shares because they too were expecting a higher deal. Not withstanding the 2p rise at the close of play yesterday, which is not really something that could have been predicted, I think i did right in selling up yesterday, thanks again for the straight answers to my queries

shares just closed 2.5p higher than the Steinhoff deal price..... something weird's going on !! HSBC Hold might have been an inspired piece of advice

... ditched these when i was slightly ahead of the game, instead of holding out for a little better gain, bit me in the ass again !! now i have to hold them in the hope they scrape back to even, then i'm going to probably be more stubourn than ever to get some return from them lol...... i see a never ending cycle here !!

that could prove very profitable.... fingers crossed

christ only knows, literally anything could happen, the market could knee-jerk, throwing everything upside down, or it could just go "meh!.... business as usual" one thing i think i can predict, at least as accurately as a tv weatherman..... bank shares will go down, bit like fuel prices at the pump only go one way regardless !!!

I got a price of 222.3801p so sold the lot, nice little 61% clean profit, can't complain at that. I will be watching carefully to see what happens though ! GLA, and thanks for the replies to my queries :)

That, is a very good question, i've not seen a share price rise to the bid price in a take over like this, yes i've seen them raise, but not to exactly the same level That said, what R1CHARDO said below is very pertinant, regarding the benefits of not having my money tied up in a share price that is likely not going anywhere, and for minimal cost and fuss, i can be out at about the same value

That, is a very good question, i've not seen a share price rise to the bid price in a take over like this, yes i've seen them raise, but not to exactly the same level That said, what R1CHARDO said below is very pertinant, regarding the benefits of not having my money tied up in a share price that is likely not going anywhere, and for minimal cost and fuss, i can be out at about the same value

"Commenting on the Poundland deal, Steinhoff’s chief executive, Markus Jooste, said: “Steinhoff recognises the strength and value of the Poundland management team and anticipates that they will play a key role in the ongoing growth and development of Poundland as part of the Steinhoff group." Sounds very much like the BoD switched into job self-defence mode, and played the "as long as i'm ok jack" card ! No wonder they are all spouting the corporate line now of recommendation to accept, sounds like they've negotiated their jobs to safety, stuff all those that invested at the flotation price of, what was it, £3.00? Didn't a lot of institutes buy in heavy at about that price ? - i read somewhere that about 40% of the shares were held buy the big institutions, wonder if they'll throw a spanner in the works and try and hold out for more Wonder if the CEO's 1/2 a mil (£) purchase earlier this year had been higher than the 179p purchase price he paid, we'd be seeing stiffer/tougher sale price negotiations ?

is going on this morning ?? share price rising ? I just tested the waters to sell my 890, and got a 221.8125p offer {baffled} it's like there's something going on in the background we're not aware of (as usual!)

are you still holding here, if you don't mind me asking ?

hopefully not any lower, because even though i'm in at what i think/hope is a good price average, i was still putting myself further in the hole today when i topped up and averaged down..... so i'm a little more invested here than i planned, and now i'm crossing fingers and toes !!

thought that might happen, the 695,764 trade at 15:47:12 was my BUY, not a sell !

if i've read this right, BlackRock, Inc now has a 4% stake ?? and JPMorgan Asset Management has taken a short position ? no wonder i can't work out what to do lol!

got an offer of 0.1995 to buy so took the plunge, i'm now slightly more invested than i had planned, over 1.5m shares, but at what i hope will prove to be a good average, time to sit back and cross my fingers this one doesn't kick me in the b****x !!

Bargain price or not, a counter offer would surely meet stiff opposition from steinhoff who must, by now hold a considerable voting stake.

oh crumbs, don't throw out there the "deal falling through" scenario, i was pushing that thought to the back of my mind, and behaving like an ostrich with my head in the sand !! In all seriousness, last week i would have said that was a possibility (oh and at 140 i'd still be in the blue) but, at this stage, not only are they further down the road than their previous deals that fell through, but they are also now heavily invested, given the percentage already acknowledged that they hold, plus as you said they will be buying up fast to ensure the vote percentage, but also to reduce the dividend payout, because craftily they have included the 2p divi in the deal, so the more they can shake loose prior to deal closure, the better for them i'm going to get my hair cut, and hopefully don't cut my throat in the mean time sitting on the fence !!

That would be nice, a very slow recovery seems to be underway, but it's akin to watching a kid take it's first steps, you just know at some point, it's gonna faceplant ! I'm breaking even right now, and having to resist heavily the urge to sell and run, £3.65 is where my limit sell is set at, and that would give me a small profit that i would be happy with, I doubt i will still be holding after that !

I'm struggling to find much info to go on with this one, i have a holding, albeit small by some standards here, and could average down to sub 0.24 by increasing my holding by 50% .... i'm just not sure with all the talk of what happens if they de-list/cease trading etc. with such a low average, i could fair ok, but still take a loss decisions decisions !!!

Just checked with H&L where my ISA is held, no corporate transaction fee on the deal going through, so basically if i sold now at £2.2050 which seems to be where it's sat at, the difference will be about £25.30 because of my standard trading fee, and the loss of the dividend. I'm tight-fisted, i might just hold out for that LOL ! (in real terms that's two free trades for me at my current fee rate) I have to admit, i was hoping for a 2.50+ offer, but this is still a win for me