The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Thanks ToS, genuinely think this one is a toss of the coin.
Be interesting to see what happens with both sp's next week once the financial papers have had chance to look at the detail. It still looks like a good deal for both parties to me. As an API shareholder I'm tempted to buy some CREI and/or more API ahead of the merger.
FWIW ToS1963 I've chosen to hold here in the hope that, eventually, shareholders will see something close to full value from the share NAV. Like you though, I suspect I could be making the wrong decision and that your call to jump ship could be the right one. It's certainly going to be a long, protracted process for those like me who choose to hold, but at least the Board have indicated we'll continue to receive the full dividend for at least another year. Only time will tell on this one, and good luck with your other investments ToS.
Just looking at the details of the proposed merger/takeover by CREI. Unlike some of the deals happening with several of my other income funds & Trusts, this one looks completely sensible and in the best interests of all involved. I'll be holding the CREI shares following merger.
I'm an API holder & I agree. There's a lot of synergy between the two and plenty of opportunity for price growth going forward. I'll be holding the CREI shares once the merger completes.
Thanks HbD. I suspect we'll find out who it is eventually, probably before anything official is revealed. This site is renowned for being the unofficial SAR RNS service.
For anyone with a better memory (or backup data) than me, was SRA737 originally called SAR020106 and/or CCT245737? Would it be appropriate for CRT to rename it now, getting rid of the SRA link, given Sierra did nothing with it for years and GSK gave it back?
Order filled @ 54.50, will set another limit order when funds raised.
Yes, it's 0.1% of the capital (rising to 0.2% in February). That's less than I hold. The idea that PH is short on SAR is unfounded and, frankly, ridiculous.
My previous comment was deleted in the PH shorting thread. There are no shorts currently open on SAR.
It did feel like the ideal opportunity to bring someone in from outside. New broom & all that...
Given a choice between boring or Looney, which would you prefer?
Whatever it was asda, it didn't last very long! Back down to earth with a bump.
With the sp back at this level I'm looking to pick some more up cheap. Limit order in for another 5k.
Thanks for useful comments guys. Apologies for my paranoia re winding up, just seems to be happening all too regularly now across my portfolio. Agree no reason to suspect it might happen here though, I certainly hope not.
Down 6% now. All I can see is a near - 10% drop at Motorpoint, which represents about 8% of AIRE's rental income. That seems to have come after the AIRE drop though so probably nothing to do with it. Mystery for now...??
You've had a breakout in early December and another in early January, I'm guessing you might have to wait a couple of weeks for the next one...
Yes, good advice EnglishPatient. I'll be doing a deeper dive into TPFG myself before making any decision once the merger has completed.
No doubt there are some very positive results of this "merger" which I can reflect on at some point but from a personal perspective, I've invested in Dorian & Louise and the fact neither will be involved (beyond the single-year golden handcuffs) in the "new" business is very sad. They've been exemplary in running this extremely successful, Lincolnshire-based company, in particular their willingness and ability to communicate effectively with shareholders has been an example to other senior execs. Sad day, Belvoir will be a big loss to my portfolio.
I guess they might issue a B or C share in the company which would have no intrinsic value as far as a listing price but which would entitle the holder to receive "dividends" equivalent to their proportion of milestone payments received. Something like that anyway. And don't forget that, as shareholders, we get to vote on whether any deal is acceptable to us, so they'd have to explain very clearly how we would be entitled to future payments if the deal was structured in that way.