Member Info for luddite

Compass007, IAG has its HQ in Spain , Glencore Switzerland, Shire Ireland, all listed on LSE but fortunately due to the companies chosen head office location our government cannot cream off stamp duty every time we want to buy. I have a feeling this anomaly is part of the reason we see the intra day volatility that is almost a permanent feature of these shares as they are so popular to day trade. I much prefer IAG etc over AIM listed shares and believe they are way easier to turn a profit as the shenanigan level they are subject to is of a much less damaging level to us retail punters.

Compass007, you do realise that there is no stamp duty to pay on IAG ? Its one of a handful of companies like Glencore Shire etc that bob up and down every day with such a tight spread you can get in and out on quite small movements in the share price.

You could write an article on SHP and with some luck SA would publish it, they dont have an opinion themselves . I like reading both sides of the story and thats what you get with SA, at the moment my money is on Takeda getting SHP although not as confident as I was with other recent takeovers.

norrab1 is playing a metaphorical chess game which exists only in his head and where he cannot make a wrong move. In the real world of share prices he would have been checkmated almost from the off when the Sky takeover game started and he made all the wrong moves.

She has burst through 42 , I am 9% up since 24 April , SHP by far my largest exposure to shares, I resisted the temptation to trade it as the ups and downs have been tempting. The price of �57 still fresh in my mind when Abvie failed to buy Shire so todays �42 does not seem a particularly high price at this stage of the proceedings and �47 to buy the company seems on the low side to me, I feel even at this level there is profit to made for those buying the shares at around todays level.

Thats a relief , I was tempted to sell some on Friday but if it opens around �42 will have been well worth the worry and the wait.

A bit of a breakout, thats an understatment Compass007, I was tempted to sell when it passed 625 last week so I am thankful to my lethargic sell finger that I did not press the button, happy days.

The pound price you quoted is of course correct for todays ADR price of $159 but the deal offer price of $196 equates to around �47.60 so there is very little difference between the two, no chance of a bit of arbitrage at the moment.

The SA $196 price was for the US listed ADR as the yanks have to buy SHP as an ADR , the ADRs are not normally issued in exactly the same quantity as shares listed in London so there is always a multiplier to apply.

The MMs have no idea what price to set so just went for a straight 20% mark up from the off then watched it drop.

I hope you are wrong and that its not a done deal. The BBC are so predictable wheeling out Vince Cable to comment, I think he uses the same script every time, he is getting a bit long in the tooth with his tripe. I have participated in lots of merger/takeovers and they all go the same way, they drag on for a lot longer than anyone anticipates and provide multiple profit opportunities along the way, hopefully the fun is only just beginning. My only frustration is that Sky and SHP are also playing out at the same time and I dont have enough money to play them all. I do not intend to try and jump in first thing , probably not possible even if I wanted to, will wait and see which direction it goes.

The Takeda price did not fal overnight it recovered by 1%. I am betting on the takeover going ahead, I dont care if its good or bad for either company, I will sell for a profit or loss well before a deal may be finalised. Something I dont really understand is when we had the Abbvie takeover attempt in 2014/15 the price went to around �55 and was rejected by SHP but today they are willing to agree to a price of approximately �47, I was lucky and sold at �54 on that ocassion. I bought at an average price of �38.80 on Tuesday. I would not compare SHP to the Sky takeover but it is not correct that the Sky price went straight to �13, it sat well below Ruperts offer price for well over a year before moving . I am hopeing that Takeda can raise the finance, I dont see why it should not as they have a decent credit rating but I am also wary of the Shire managements real intentions, turkeys dont normally vote for Christmas, both companies have due diligence to complete so what gremlins might Shire find in Takeda ?

Do you really hope so norrab1 ? When Sky was in the 9's you were predicting it would drop to �8 and the takeout would not happen but I am sure you will be happy to read that I took no notice.

Do you really hope so norrab1 ? When Sky was in the 9's you were predicting it would drop to �8 and the takeout would not happen but I am sure you will be happy to read that I took no notice.

Price started dropping from 609 to 592 well before the rns was released then took off to 623 all within 30 minutes, looks to me like some people who were not entitled to see it got to take advantage before the rest of us. I managed to lock in some of the spike but the whole rns situation looks a bit smelly to me. Bidding 3bn$ for Norwegian as SA article claim is being considered would be paying way too much and would not help the IAG price go past �7 if it were true. Take a look at the 2 min candle chart from 10 am to 12, its a classic transient, I am printing it out and framing for my living room wall, for me this is probably a bit like a bird watcher seeing a greater spotted north african parrot land on the bonnet of his car.

I have no idea what caused the sudden drop ( Trump/Syria/missiles ?) but bought 2451 at �6.11, worth a punt hopeing to make a few hundred on the rebound.

I am pleased to read that you are laughing Norrab1 . No I never learned how to play chess properly as I could never see it making a profit for me, the only game I ever played which has worked out well for me is the stockmarket. I thank you for you conceeding that you lost this metaphorical game even though you can only conceede that I checkmated you, maybe if you stopped associating the stockmarket with a game of chess it may help you when you are playing for real money, I dont know really its just my suggestion. Its all very well stating your opinion is 'strong buy' immediately after the price has jumped by 20%, very funny and lol lol lol as the millenials would say.

I did not realise that s now flakes was considered a bad word, ' learning every day' as Benny Hill once said.

Well Norrab1 as the great Nige said ' you are not laughing now are you ' or something similar, as I said about a year ago Sky was a great place to park money, I was expecting roughly a 10% return but today I cannot contain myself laughing out loud as I believe the *********s sometimes say. So Norrab1 give us a laugh, when exactly do you predict Sky will go sub �8 ?

Do a comparison chart with GSK and UKX and you will see it pretty much follows the ups and downs of the FTSE100 other than the times when it 'gaps' or falls rapidly or less likely gaps up following news. In October 17 you can see it gapped down after following the index for months. After the sudden drop it then correlated to the index fairly with slightly more exaggerated ups and downs than the index. I prefer to see this in chart form rather than beta etc, I am not a long term holder. The volatility of GSK is not unusual, even something as boring and defensive as SSE has more than enough volatility to trade, there were plenty of buyers of SSE at around the �16 level last year now looking at a similar drop as GSK.