Member Info for Dodger16

15p for 10% represents value now. This will need a long time to recover but i have faith in the team. Its only down to covid like everything else. If i sold now would be just like me to miss the eventual rise. Wonder what is going to happen next few weeks, hope the infections start coming down but cant see it yet.

Just having a whinge. Long term this is going to be some value generator. Hoping they buy something else also.

They are saying there may be another payment next year but if that involves a consolidation they are just laughing at shareholders. 16p would have helped put a floor on the sp at 160p. This feels like when placings are announced at a discount on an aim share.

Pap, we would have been better off selling over 160p last week. Least that way we could have bought today at 150p which is the new break even price for 10% of your holding. No value to me whatsoever when someone says they will give you less than the market price for 10% of your holding when they announced it. 17p would have been better. Plugging the hole that was gkn pension is getting tiring to read. The nortek gain was priced in at acquisition which means nothing to give out now.
You are not being thick. The offer is tripe. A **** take given it was 250p pre covid. They must need the cash to survive the pandemic.

Wonder how much they will have to dilute for this new contract, to fund the pending loss that comes with it. Would prefer to hear about high profit not high profile. Im surprised how quickly that £5m went (actually I'm not). Buy for the hype but nothing else.

Papucel. I get what you are saying and i see it your way. If they do a special payment next year then then they need to make up for this appalling consolidation offer. 150p for 10% of my holding that i paid £1.65 for. Yes this is tremendous value creation. Original shareholders at time of gkn purchase would be looking for 23-24p, be pleased you are not one of them.

See your point best. This is capped now until ex div, no one i know wants to buy something at 155p that they will get 150p for!

You wouldn't buy this over 150p now with this deal in place because that is the breakeven point for the transaction. The more you paid over 150p the more you lose on this. Be glad when done and dusted. The real value comes when they make something on gkn.

Master, thats how i read it.
But the sp is drifting lower like its pricing the 15p out. I hope it doesn't drop 15p from current levels when it goes ex div. So hopefully recent fall is not a fall but this deal being built in.

Im hugely f off owning this. GKN has been a disaster. Paying £3bn premium on market cap was always going to be tough, winners so far are gkn original shareholders. Nortek sale is tripe. Mro were market cap £4.5bn prior to gkn and brush was only worth £100m. Market out of love with mro. Who cares about a special dividend when the sp is 15p off a two week high…..

Got to hope the vaccine is worth it…..

Knife edge! You should be a journalist with sensationalism of that level.

Today can go do one. Its not personal on enquest its everything.

I use google. But just type “lon enq”

I just signed up to going back to work. Didn't think I would because I don't have to be in the office in my role.
The truth is I am sick of my own house right now.
Back Friday.

Kraken
It is just virus sentiment. Variants - India etc. They are really going to up their vaccine rollout in May.
I can't believe the price at this level of oil. The cash and EBIT are sound, just not the SP.

January, what is your breakeven?
It will come back. Media focusing on doom.

Fundamentals are great. Oil at $66. Remember when this board was happy it went over $50.....

No idea whats going on. Trying to ignore the news, full of india and brazil gloom. Trying to work out if india is bad, 200,000 new infections a day is no worse than 10,000 in uk (given population).
I only took a small position here at 17.5p. Looks like i may have to average down.

No idea where we are going with covid until uk govt confirms vaccine effective v variants.

£4bn + market cap before they bought GKN. So to me this isn't good (Brush is worthless).
You could have just sold shares back then and made a lot more.
The winner at the moment are the GKN shareholders. I still see this coming good but a lot of work to do. That GKN pension deficit has been a howler.

Smalltrader, i always dip in and out. Just got back in.
I always know its coming back down, i never believed we would all be jetting off this year. But at this oil price enq is making a fortune and the new acquisition is looking cheaper. I just cant hold long term anymore, certainly saved me losing on pmo.