RE: drifting down20 Aug 2018 16:23
Golden rule don't invest for a takeover as invariably it leads to a weak order book, lots of weak speculators. I think it's a good one for a SIPP. I also hold outside of that with an average below 40p.
Going back to takeovers I am surprised there wasn't more deals when the oil price dropped. I am sure there's a few in the pipeline, get it boom boom. One problem with this is - what would be a good price, I doubt institutions would accept 60,70,80 pence. Maybe 80 but hopefully you see my point.