Member Info for egress

PE takeover rumours

https://www.reuters.com/business/blackstone-cdr-explore-bids-ben-jerrys-owner-magnum-sources-say-2026-05-15/

Following Big Yellow Group up after news of possible takeover.

You mean the news item posted at 08:28 after my post at 08:20? Wish I could have seen the future 🤷‍♂️ pointless post.

Don’t want to buy more if something “bad” is occurring…!

Bit of a surprise drop today? Can’t see any news or RNS which could explain it.

Under 100p makes it a >6.5% yield. Not bad if the only potential issues on the horizon are renewal of loans at higher rates, let’s be honest they will just pass on the cost to the customers won’t they?

Almost an 8.5% yield so tempting to open a position. But why no directors buying if this is such a steal?

That’s quite the drop today. Had to check they hadn’t announced a 55p dividend or something! AZN only down by a fraction of a percent.

Surely a tad risky if it slips back then continues to climb again.

Surely this has always been the case. It's all in the marketing.

I know I'm a VERY disloyal shareholder when it comes to painkillers, always the generics for pennies.

Only thing I do get is sensodyne...

My broker is absolutely one of those. Their reasoning is that the consolidation has increased the value of remaining shares and therefore increased your base cost. But I just cannot get my head round how I am now showing a paper loss on my account for GSK.

I don't think that the consolidation has helped things really. They are saying the complete opposite of longterminvestor below. I don't know who to believe.

Info on how to split the costs for GSK and HLN...

https://www.gsk.com/media/9366/demerger-of-consumer-healthcare-business-to-form-the-haleon-group.pdf

Appreciate it.

Why GSK haven't provided guidance on this is puzzling. PRU did so when they separated MNG...

Yeah, got it.

How do I deal with the remainder for the GSK shares?

I will leave the remaining 81% as my average cost for the unconsolidated GSKs, but then have to consolidate that average price as well?

Does anyone have the mythical formula for calculating our average price considering the split AND the consolidation?

I can't seem to reach a figure that makes sense. Forgive my stupidity......

My broker has attributed a cost of £0 to the Haleon shares and totally ****ed up my GSK average so it is showing as 1% gain currently. Average price before all this was 1405. Roughly 25% up pre split and consolidation.

Sorry, I thought that had the ex-date. I think it is the 15th July.

https://www.gsk.com/media/7708/how-haleon-will-demerge-from-gsk.pdf

1 GSK will get you 1 Haleon, yes. And you keep the GSK

It was explained quite far into one of the RNS last week, but for info:

"Prior to the Demerger, GlaxoSmithKline Consumer Healthcare Holdings (No. 2) Limited ("JVCo"), the current holding company of the Consumer Healthcare business, will pay dividends to GSK and Pfizer, which are expected to result in GSK receiving cash proceeds of more than £7 billion at separation (the "Pre-Demerger Dividends"). Qualifying GSK shareholders will be entitled to receive one Haleon share for each GSK share held by them and will continue to own their GSK shares unless they sell or transfer them in the ordinary course.

Following the Demerger, the total issued ordinary share capital of Haleon will be held as follows:

· at least 54.5 per cent. will be held in aggregate by GSK shareholders;

· up to 6 per cent. will be held by GSK;

· 32 per cent. will be held by Pfizer; and

· certain Scottish limited partnerships (the "SLPs") set up to provide a funding mechanism pursuant to which GSK will provide additional funding for GSK's UK Pension Schemes, will in aggregate hold 7.5 per cent."

Alot of insider buying at the £2 mark today. They look like normal purchases unless someone else interprets differently?