Member Info for Deep333

Been a while since I last posted and whilst I'm still in it for the long term, having bought in around 30p, I am beginning to feel a little twitchy particularly with a diving SP over the last couple of weeks.

The fact that the ECB has cut interest rates to 3.75% for the first time in 5 years is not the best news for Metro!

Notwithstanding what I wrote earlier vis-à-vis the long term, I am very tempted to take my not insubstantial profit and wait another opportunity to jump back in.

Monday is D-Day for me!

"Apes together strong" but not when 'humans' control apes!

GLA.

Morning

Liking the cut of your jib "BB" 👍

Notwithstanding impending results, the positive end of year results of other big banks to some extent, the recent appointment of the new CFO, together with Bacal at the helm, I believe this bodes well for the future!

As mentioned in my first post, whilst I am very much a novice at this game, my cautious optimism stems from reading the views of the contributors on the this chat over a considerable

period, together with researching the figures in accordance with my limited understanding.

Anyway time to stop waffling...

Onwards and upwards & GLA

Following on from my last post, received a reply from Halifax Sharedealing.

"I can see that £ was credited onto your account which is correct for the X shares you held at a rate of 0.475 pence per share.

The stock valuation you received showing the 47p was based on the market value as of 5th January 2024."

Confusing for a novice like me but all's well that...

Very unlikely that I'll be posting on here again.

Be most interesting to see the development of DX Group in the years and months ahead.

Wishing everyone the best and thanks very much for all the help and assistance.

Truly has helped me enormously.

Morning all

Am a new and novice investor who's been following Metro and the commentary on this chat board for a while now.

Decided to take a punt after I made a tidy sum, more by luck than an astute understanding of the market, following the sale of DX Group.

Without any hesitation I will add that the PIs on the DX Group chat were absolutely fantastic for bearing up with my beyond amateurish questions at times.

Notwithstanding DX Group's shenanigans with Corporate Governance and other issues, I learned an enormous amount from the contributors on that chat.

Onwards, upwards & GLA

Thank you very much for replying Ripley.

I have raised the query with Halifax Sharedealing.

A couple of quid here or there is fine, but the sum of £379 is significant enough to require an explanation.

If this is the Halifax's commission then that is another issue I will be taking exception to.

Will post Halifax's reply and hope other PIs have not had the same experience as me.

Apologies for venting!

Thank you Strop

Also noticed that the Halifax Sharedealing Service offered me the "market price" of 0.47p and NOT 0.475p.

That's a difference of £379 which is significant enough for me post this.

Please excuse my ignorance but is 0.47p the correct price or am I missing something?

Thank you and hello Strop.

Just received my dosh.

Now to decide whether or not to go for Metro Bank or save myself palpitations!

Wishing you and anyone else on this BB all the best.

Not sure if anyone is still posting on here.

Anyone received their settlement?

Hear Hear Tep. 👍

As I've stated previously, this board has provided a wealth of information and opinions which I know will always stand me in good sted.

As Tep has already stated, it truly has been a "pleasure communicating" on this Board.

Wishing you and all the very best for the future and Merry Christmas & peaceful 2024 in toe.

At long last...! 👌

May I echo Ports view of how good it's been to part of the DX community. Learned a lot and continue to.

I intend to hold till the end, simply as I don't know what else to invest in. The only option for me would be to lock my 55% gain in a 'safe' savings account paying 4.5% .

The above said I'll still keep an eye on FTSE stocks. The AIM hasn't doesn't done much good for the old ticker!

Wishing all of you the best for the future and may I thank you all for putting up with me.

GLA

Many thanks Ports, Everton and Email for your invaluable opinions and comments.

As Ports and others have already alluded to, the fact that there haven't been any other interested parties illustrates that HIG have a clear run ahead and they intend to take all the time to carry out their DD or whatever to be fully satisfied of their investment.

Let's see what today brings, although I can't imagine it would be much different to the last few weeks. Hope I'm very wrong and the SP rockets. : )

Good luck and thank you for indulging me, again.

Any views on the 2 posts I came across?

Very interesting to read the opinions on this board. Also came across the following on ADVFN.

"This potential bid has actually held the shares back since it has capped the upside for the past couple of months - without that, and on the basis of the last strong update, the shares may well have gone beyond 50p by now."

 I cannot see why the company or its shareholders would agree to the offer price being reduced by the value of any dividend declared given that the dividend would be taxed at higher rates than the capital gain. Better to have no dividend and a 48.5 pence bid.

Should have read Nth not nenth degree!

Morning all

I echo the sentiments in relation to a rival bid and a further extension which incidentally is the general consensus on the ADVFN chat board too.

The other point of note, notwithstanding that it has been mooted to the nenth degree, is that £0.485 is a very low offer. However, with no other offers on the table and Gatemore and Lloyd's blessings, I cannot see the BOD refusing HIGs bid.

I also believe that £0.485 less any £0.01 in respect of the dividend is the minimum offer that Gatemore and Lloyd will accept and the BOD will recommend.

If I had other investments or even an iota of knowledge about the stock market I too would call it quits after payment of the dividend, Ports. But I'm going to hang on and hope that the final offer will be higher than 48.5 even though that is beyond wishful thinking and quite daft of me.

The question is what will I do once, and IF, DX Group is taken over?! : )

It's a fab position to be in particularly when only a year or ago there was such turmoil...

Do please keep those pearls coming. As I've said before, this BB is full of folk who extend respect and courtesy to novices like yours truly and I for one am very grateful for your benevolence.

Thank you & GLA.

Morning all

So, extended until 6th November and here's the icing - "The revised deadline may be extended further, at the request of the Board of DX and with the consent of the Takeover Panel, in accordance with Rule 2.6(c) of the Code."

Then there was the added caveat that there can be no certainty a firm offer will be made! : )

So, for the immediate future I look forward to the dividend, and before we know, Christmas will be upon us!

(Apologies. Sarcasm is indeed the lowest form of wit!)

Onwards and GLA.

PS

I've been following the Metro Bank debacle and beginning to believe that DX isn't quite as...

Morning all

Some very quick research and apologies for any repetition but this is what I have understood.

Under the takeover rules, if undertakings to purchase shares totaling 30%, aka the 30% threshold rule, of a company have been given, this often triggers an obligation to make a mandatory offer to the remaining shareholders at a price not less than the highest price paid for shares during the last 12 months.

If HIG makes an offer to all shareholders at 46p and ACQUIRES 50% of the issued share capital, they may indeed be required to make an offer to the remaining shareholders as per the takeover rules, ensuring that they receive a fair and consistent offer.

Not sure if I'm splitting hairs, but Lloyd & Gatemore make up 29.6% which of course is below the 30% threshold. Accordingly, has the triggering event even been satisfied?

As I've stated many previous occasions, I understand very little about about the share market and particularly how the AIM works, so please excuse my ignorance.

Many thanks Bod. Since we've waited this long, what's a few more...

In terms of the SP and bearing in mind the recent results, I wouldn't think twice of buying back in. Let's see how things unfold.

Afternoon all

Still no formalisation of HIGs offer bearing in mind the deadline is Monday.

Cutting it fine would be an understatement.

Having a slightly better, but not by much, understanding of the AIM and DX, I wouldn't be surprised to read that the deadline has been extended!

In the event that the offer fails to proceed to fruition, I would be very interested to note how the market reacts which of course would be reflected in the SP.

The above said, there's still a day to go, and que sera sera...