Member Info for paul30661

The dlg price will surge tomorrow BUT

No offer has been made

The proposal was to include part aviva shares, so if the market thinks that av has made a misstep, the av price will drop and so to the level of the indicative offer price.

The market will tell us really quickly if an offer is likely to be made and if other bidders are going to emerge.

Whatever happens, dlg's days as a plc are numbered

Given the recent results from the new team at dlg, and the tanking of the share price since, I wonder if dlg managed to keep a straight face when trying to say that they should not be taken over and put out of their misery?

Given the (potential, at this stage) offer is part aviva shares, which will drop tomorrow in response, i would think that Aegis will be dusting off their previous bid papers to have another shot.

Dlg definitely in play, and the current management have zero goodwill value to defend any bid of 240p or above.

It's not that bad - the SP is still (just!) above where it was a year ago.

I missed by about a day jumping on SN before it took off over £ 10 in June, so have taken an initial nibble today.

The investment case has changed since then, but not by much imo, and I was only going to buy then as, like others, I think SN's days as a plc are numbered (though that may be years, not months or weeks away).

Although dropping base rates vs a relatively secure 10% yield here will support the price to quite a degree I imagine.

It'll be transformative if they sell off non core chunks for good prices, as happened at AV :-)

There will be no bid for mng yet, as I've not sold.

Once I do sell, a bid will likely be nailed on.

Happened to me most recently with bvic a couple of months ago

Doh!

An increase??

Wow, i doubt that's on anyone's radar :-)

Takeover very unlikely imo.

Only 25% of fres is free float. The rest is owned by parent Penoles

Divi payable early November, exact date tbc at results on 4th sept

'Lgen maintained the div throughput the covid collpase.'

True, but that was under the old boss

Rightly or wrongly, my view is that if they fall 10% from here, I'll have effectively this next year's dividend, but if they rise 10% from here, I'll have made 20% including the dividend.

And, as someone else has said, when inflation is below 3%, that's a good real return

I think part of the decline last week, on the 0.25% BoE base rate cut, was the notion that interest rates will not be decreasing particularly rapidly.

Less than a week later and if the US decides (is forced?) to cut rates sooner and sharper than previously considered, then the BoE may follow suit (albeit they'll be very wary of further inflation) and the likes of PHNX, LGEN, AV, CSN, BATS, IMB and the like, i.e. stock that provide high and reasonably secure dividends, ought to (finally) outperform.

I can't think it will get to £14 without another bidder turning up, and the current sp price stubbornly below the offer price from carlsberg, is suggesting this is unlikely.

I suspect today's move was just a read across from the very positive results from Dexters

Allocations were capped at 365 shares per applicant (£1,022), applications below this amount have been allocated in full (rounded down to the nearest whole share), orders above this amount were scaled back to 365 shares.

Personally, I hope nothing happens before April - as I'm 55 in February and will be taking out 25% tax free as soon as possible - whether we get a labour or tory government (I don't trust either side not to keep tinkering and raiding pension benefits)

Apologies for of topic but I can't see why Labour would want to nationalise water, electric, railways, etc when they can just windfall tax the hell

out of them, and leave others to take the rap for operating efficiently and making cost savings, redundancies, etc?

S&P also up for sale from BNP Paribas.

There's plenty of choice for buyers but makes you wonder why everyone seems to be heading for the exit (before Labour get in) ?

Thank you Agami,

I wasn't aware of the ISA flexibility rules, but on reading about it further, it seems that the flexibility is set by the provider, not necessarily by Government, so needs checking the small print.

This is from the Money Saving Expert site (relates mainly to cash ISA's so stocks and share ISA providers may be more 'with it':

Providers that do offer flexible ISAs:

Aldermore, Bank of Scotland (variable ISAs only), Barclays, Clydesdale Bank/Yorkshire Bank (Flexi Cash ISA only), Coventry Building Society (Easy-access ISA only), Ford Money, Halifax (ISA Variable Saver only), Lloyds, Metro Bank (Instant Access Cash ISA only), Nationwide, Newcastle BS, Paragon Bank, Principality BS (variable ISAs only), Skipton BS, Tesco (Instant Access Cash ISA only), TSB and Virgin Money (easy-access ISAs only).

Provides that do NOT offer flexible ISAs:

Britannia, Charter Savings Bank, Co-op bank, First Direct, HSBC, Kent Reliance, Leeds BS, NatWest, NS&I, Post Office, RBS, Sainsbury's Bank, Santander and Shawbrook Bank.

That's correct, AllAtSea and 13.2 p