Member Info for deatr28

Should say, "The new Royal Mail statutory pension scheme contract with Capita has been terminated, a Cabinet Office minister has said, after the services group “failed to deliver numerous milestones”."

Https://www.aol.co.uk/news/capita-royal-mail-pension-scheme-134634662.html

In the news, only just out

I hear Jet 2 are good:-)

I am now in positive territory...but could not resist that.

Is it me or are people viewing this as a one off event? Q1 is normally bad as not many buy holidays. Peak time is in the summer when most of the profit is made. Surely a better Q1 than last year even if a loss suggests a better annual result, albeit that you have to wait until November to find out.

I am out. I think this is an opportunistic bid to take advantage of the sale. This is the best price I have seen. I was hoping for 130 but a bird in the hand etc. gla

It is like TUI on Tuesday. I am guessing it is profit takers and will hopefully go back up later

Not an expert but doing well on this share

Based on latest accounts, NBV was next to nothing

and additional £300M from this deal would give a share price of around £1.50 based on NBV

Taking into account that the deal could fall through, DLR could make a huge loss in 2024 burning up a lot of cash etc I think this is realistic until the cash actually lands. Also consider profitability of DLR after the sale.

Once the cash lands I would expect £1.50 a share plus but until then, it depends what the board does with the expected cash inflow. Lambos all round will not do anything for the share price:-)

"Sidara, the family-owned engineering company formerly called Dar Group, is exploring a potential acquisition of London-listed John Wood Group Plc, according to people familiar with the matter."

News is on Bloomberg UK

Mike and Clank, thanks for your reponses. I am with ii so have the early option, but will just wait. May double down with my new tax year contribution depending what the price is.

I would say newie question even though I have been investing for many years, but never seen this before

If I go for transfer does that mean the share purchase/sale is immediate or does it take a week/some time to buy the shares therefore there is a risk of share price movement during the time shares are not held?

For example if I did it at the moment with no spare cash, I would have to sell my UK TUI shares and then wait for the settlement date before I could buy the new shares therefore exposing myself to any price volatility between these dates.

Alternatively, I could wait until April when my next year contribution is made and finance the transfer by buying and selling at the same time.

If the early or late transfer does not expose to price volatility it makes sense to go for this as I am not tying up my capital.

Any ideas?

Hope so as I bought at 16.88 this morning which brings my average down. But I am confident and I am blue on this mornings purchase, just not on my holding overall...

These is so much discussion about how this is undervalued will fly etc but the arguments everyone is using seems to miss one vital fact. The share price of any company is based on how much people are prepared to pay for it. It is a market valuation. Price goes up when people are buying and price goes down when people are selling...

Due to interest rates, oil price, lack of dividends, investors are not going to be as interested in this share as it is a big risk with not much return visible in the short term.

I have lost money currently as I have a 40p average but am happy to hold - I am not going to buy more to average down as I do not have confidence in this share - and I am about as positive as you can get that this is going to go somewhere eventually. So why would someone else want to buy this share?

If we start paying off debt, making decent profits and paying a dividend then yes this will fly as investors can see a return

Enough said...

Doing the similar calculation for TUI (I did IAG as well)
Before Rights
178,520,000.00 shares at £13.83 gives capital of 2,468,931,600.00 (price taken 27th March)
328,910,448.00 rights issued at £4.884 (converted at 0.88euro) raises 1,606,398,628.03

Total Capital 4,074,666,497.44 for 507,430,448.00 shares give theoretical post rights price of £8.03
The assumption here seems to be the £1.6 billion raised in the rights issue is going to be flushed down the toilet and will not increase the value of the company.

ADHB, you are correct - most charts do a correction and back date it post rights issue so you can compare price after rights issue with the historic price and compare like with like
When the RR Rights issue was done I did a quick calc as follows:
Before Rights 1930980502.8 shares at £6.66 gives capital of £12,860,330,148.65 (price as at 14/2/21)
Rights issued 6,436,601,676.00 shares at £0.32 raises £ 2,059,712,536.32

Total Capital £14,920,042,684.97 for 8,367,582,178.80 shares give theoretical value of £1.78
The share price post rights dropped to £1.29
Th company was still worth the same amount though.

You missed the point - lots of people on here seem to think their posts will influence the price either positively of negatively.
Trouble is people following the forum have to read all of it.
I am with Shawz 90p at 3:00pm, but I accept I can dream.
And back to sleep...

I don't post very often but Anton's Post has got me intrigued
How much influence on a share price does this forum have? I would have thought that a forum like this may influence the purchasing/selling decisions of maybe 1% of the market max but that would be negligable compared to the normal market forces. Are we implying that this forum and the positive/negative posts have such an impact on the share price that it is worth someone paying to try to influence the price?

I sold mine this morning. I sold a tranch a while back but now I think the time has come to cash in the remainder. The free cash I can invest elsewhere to hopefully make a better return than holding here until the buy out completes or falls through. Bird in the hand etc.

I never post - but keep watching.
The trouble is the door has been left open for a rights issue so naturally investers are going to treat with caution.
The SP is still 50% up on last month
While there is uncertainty things will be risky
Back to sleep now