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Just received this message for AJ Bell unsure if this is related to anything or just a reiteration of the earlier announcements
'A new Corporate Action announcement is now available to view on your account.
As a result of the corporate action, any orders you have loaded against this security including regular investment, dividend reinvestment
instructions and any reserved holdings may have been cancelled. We recommend that you review any order which you had in place and
amend or replace them as necessary. '
Looks like the publicly disclosed short portion has reduced today
1.12% is composed of two shorter's (see https://www.shorttracker.co.uk/company/GB00BMTV7393/ ) each has a position over 0.5%. It could be there are significant number of shorter's under the 0.5% disclosure threshold but any suggestion is pure speculation as far as I can tell.
I wonder what the situation will be with a potential buyout, will the stock staying on the public market with a buyout of a division like THG beauty or will the whole thing be going private. IPO valued this at 4.5 Billion and has seen significant growth since, a total valuation in that region (370p seems pretty high but) could be possible. Hopefully my average of 174p will be below any buyout premium. Regardless I'm in for the long haul as growth appears to be excellent.
Understood that nex was offering 0.36 shares per stagecoach share. Do prices on announcement matter? Current price represents the offer (0.36 of current NEX market cap) that PE would be competing against.
If we can keep these gains, it could be helpful to put off private equity buyers from stage coach. There was a rumoured private equity all cash bid being considered at about £500 million, as NEX's bid is stock based, a rising stock price makes Nex's offer more competitive.
Just bought 7k shares seem to be oversold at this point. With the underlying business looking fairly stable and dividend set to increase post acquisition seems to be a good buy.
Agree in the most part with what you're saying Jtan, not sure if we can speak to size of this position relative to Ako's total capital. Regardless it's only a small short position. I think the role of shorts has been overblown following the GameStop saga which was a rather unique situation. Of course just because one fund has taken this position doesn't mean they are correct and there are plenty of other individual, as shown in the recent RNS's, taking the other side.
Not to keen on John Armitt stepping down, but overall the deal seems to make sense and could potentially create a much stronger group coming out of covid
Presumably the rise is linked to the RNS. Looks like another US private equity fund taking advantage of the undervalued UK market
How are you determining there are more than buyers than sellers. My understanding was that for every buyer you have to have a seller, is it not just how LSE catalogs each transaction? I'm more than happy to be educated on this.
Well said
Just so your aware the 575P is a pre dilution price which I understand to look more like 300p post dilution. However, I still believe that this share will do well.
Would consider moving more money into this, at these prices if it wasn't already such a big part of my portfolio.
Liverpool hosts 'pioneering' mask-free business conference https://www.bbc.co.uk/news/business-56915697
Seem to be a vote of confidence, used the dip to pick up some more cheap shares
Unlucky on that one, still strikes me as undervalued and had a v.good pre pandemic growth rate so hopefully onto a winner here.
Cheers mate just done that. Been holding since august so would be good to hear how's things are getting on. Would like to hear how they are getting on with profitability and prospects of some dividends wouldn't go a miss
My bad must have misread
Results tomorrow, shall confirm if we've been wearing trousers this whole time.