The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Morning all,
Although it would be nice to see the SP pushing up North I'm actually happy to settle at 25p because when the news hits it won't matter a jot!
I've decided I think the news isn't going to come until June/July time as that will be a year since they put up the 'For Sale' board.
GLA
I know we all want a swift resolution to the sale but I dont think it would be unreasonable for us to have to wait until July this year before the sale is announced.
That would be a year in the making and for a multi billion $ deal that would not be out of the ordinary.
This article suggests it takes between 6 months and a year to sell a business.
https://investmentbank.com/how-long-to-sell-a-business/
Dig in ladies and gents.....
Good point, ive been investing for 35 years and if the sale drops this year it will still be one of the quickest price increases I will have seen in recent years.
We need patience but its easier said than done....It would be nice to get it over the line.
Its going to wait until next week because its my birthday.
But what drama awaits us between now and then?
Big falls, huge rises or just plain sailing?
Never a dull day in the EUA world...
Hi Ibiza
I used a very simple method.
I just divided $6.8bn by the current market capital of £750m then multiplied by the current share price which was 27p.
But I did forget to take into account the exchange rate so it makes $6.8bn = £5bn/0.750 = 6.666 * 0.27 = £1.79
We are not too far apart so happy either way..
Interesting Mac.
Do you know what Iron Ore's market cap was before the bidding war started?
Was the company comparable in size and resources to EUA?
$6.8bn would be very nice and would be around £2.46 per share for us.
Just bought another 3,776 at just under 29p.
I now hold 140,000 shares at a mixture of pre suspension and current share prices.
Im stunned that they are still available at this price.
Come on DFS and sale news...make my 2021!
GLA
I share your ennthusiasm and have thrown the kitchen sink at it.
They have said they are for sale.
They have the assets in the ground.
They have today confirmed that they have had a number of offers.
They have the best legal team and advisors in place.
What is not to like?
I have topped up again today but it totally baffles me why the share price has dipped down in the last few minutes!
Staffline are an industrial recruiter and therefore are not involved in vaccinations. The big high street agencies, Addecco, Manpower, Hays etc will be doing this.
Ive bought another £1k this week and set a buy order for another £1,200 if it dips to 29p.
That will take the value of my holding to over £40k at a cost to me of about £26k.
For me this is a lot of money to put at risk but I am confident that the sale will happen hence I have decided to buy more.
I'm hoping this is the bottom price range for this share and it has been painful watching it decline from the highs but I keep reminding myself that Im here for the sale and thats why I didnt sell at 42p and take a very nice profit.
I hope my 29p trade does not go through and that we see a nice blue day today for a change, I think we deserve it!
GLA!
Bought more EUA which some of you may hold as well, this will be my big pay day if it sells. I also hold RMS which is all profit from the previous highs but missed the peak to sell unfortunately....still made £4.5k.
I hope that I can buy back in to BRH at some stage after dividend is paid.
I think it might drop tomorrow.....we will see!
Round and round it goes where it stops nobody knows!!