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If you multiply the number of your shares by 52.75p then times that by .155 it should equate to about £3.39-£3.40. I think

According to my calculations the opening price should be £3.39 - £3.40

Shares now suspended - should open at about £3.39 - £3.40.

I did a post a few weeks ago asking did anyone know what happened to the agreement between 888 and facebook to start online gambling. I'm asking the same question now....Talk to me.

With the value of the new company being close to 4bil it will without doubt be elevated to the Footsie. All institutions running tracker funds (there are hundreds of them) are required to hold a percentage of those companies which will increase the value of DCPW. Added to this is the old saying (blar blar blar and don't come back till St Ledger day) which works out 80% of the time and this year is one of those times. It is almost inevitable that the new company's share price will rise above 60p (old value) by the year end and assuming there are no skeletons in the cupboard then the new company is a sure fire winner which will make those bailing out now look foolish. IMO.

Happy birthday Rory - 104, wow. Thought I was a bit past it - 81 tomorrow - guess I'm just starting out in life. Have a nice day and go easy on the bottle. Joe

The opening price of the new shares is governed by the closing price of the shares in both companies at the time of cancellation. The value of your shares in the new company will be minutely higher or lower depending on whose shares you hold but the difference will not be worth worrying about so sleep easy.

20 months ago 888 announced a deal with Facebook to start online gambling - anybody know what's happened?

If you want the shares to be priced at less than £1 each and you receive one for six in the new company your holding would be reduced by 66% - so in order to be at parity they must be priced around £3.

Further to my last post. Your new valuation of 54.3p as against 49.4 is skewed because you are assuming the valuation of the new company will be the same as CPWs share price. It will not. You will not receive one CPW share for every six. You will receive one new company share for every six approx.

On the day of cancellation, if you multiply the number of shares of EACH company by the price of EACH ones share and add them together you will have the value of the new company. Divide that value by the total number of shares now in existence and you will have the new share price. Dixon's shareholders will then receive 31 shares for every 200 they own. Let's ASSUME that the new share price is £3.29 and Dixon's was 51p at cancellation. 200 old Dixon's shares would have been valued at £102. Their new allotment would be 31 shares @ £3.29 = £101.99

for 100 you will rec. 1 for every 6 which is 17 approx.

I remember reading somewhere that the EUs monopolies commission will give a decision on the 25th June- I think

The terms of conversion has already been set some time ago based on the current share price of each company at that time. If you are a Dixon's shareholder you will receive approx 1 share for every 6 you hold. Cpw shareholders will receive 6 for 1. There should not be any material difference in the value of your stake when the new company opens for business. There is some toing and froing of the separate prices which would make it appear that one company's investors will get more or less than they should (based on to-days value of cpw - dxns shares are worth 53p as against 48p and cpws shares are worth £2.88 as against £3.18) but on the last day of trading before cancellation the buyers and sellers will move in which will bring the value ratio back in line to what it was when the merger was agreed. Hope this makes sense

Someone has just sold a total of 6.000.000 shares in two tranches - any ideas?

Not too sure what you meant by had a couple of winners. Are we talking shares here?

It matters not whose share you follow because the terms have already been set out. The fluctuations happening in the separate shares are there because each company's investors are moving in and out as to how they as individuals think the end result will benefit them. On the day of reckoning both sets of shares will be cancelled and all trading will be suspended. The next day they will open in their new name and you will own .155 shares in the new company for every Dixon's share you hold at present and they will be at the value set on the day. You should, in theory, be no better or no worse off than at suspension. The number of shareholders in the new company should be the same as the total number in both companies but that is relatively unimportant. The important bit is how many shares will be floating around in the market. This can be calculated if you know how many CPW shares there are multiplied by the conversion ratio then added to the number of Dixon's shares multiplied by .155.... I think. What the hell buddy. They'll either go up or down or go sideways. As long as England don't make a mess of themselves next month in coffee land - we'll all be happy.

Dixon's entry into the big league is governed by certain criteria but in simplistic terms it is thus: It must be valued higher than the company it replaces. The timing of its entry is determined by a review panel which meets on the Wednesday after the first Friday of March, June, September and December. A company is valued by multiplying the number of its shares by the price of its shares but to gain access to the Ftse the value is worked out slightly different. The Ftse review panel values the company by multiplying the amount of shares in FREE FLOAT by the price. So it is possible to have a massively valued company denied entry because there are not enough of its shares floating around freely. That's about it.

In very simplistic jargon - if you have £1000 in Dixon's shares you will end up with £1000 of shares in the enlarged company. If the enlarged company is big enough to enter the footsie all the tracker funds will, by law, have to buy a certain number of those shares - thereby forcing the sp higher - even if it is only temporary.

Anyone any idea when the next state will open the gate - it's got to happen sometime.