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As far as I’m aware only Spire can ask for an extension now and it then has to be approved by the Takeover Panel. Mediclinic have until 5pm Monday to make another offer or walk away for a minimum 6 months.
Already lost over a grand of profit with the drop from £3 and was going to sell out today but have put a tight stop loss on instead.
I’m going to see over the weekend how the land lies and decide whether it’s ‘sh*t or bust’ and remove the stop loss as a slight loss on open will trigger it.
I wouldn’t be happy if it drops and bounces up again straight away with an offer coming later on !
Quite worrying isn’t it ? Might take my profits now before the retrace. I’ve been checking as well, but why would Mediclinic blag an offer knowing the SP will reverse when the second one doesn’t come ?
RE: This has been a worry for a while13 Nov 2017 18:17
And yet AZN has hardly been impacted ? If it’s a general attack on the big pharmaceuticals, why is GSK taking the brunt ? Must be the reaction to the last results/briefing surely ?
Good advice. Think I’ll top slice and put a tight stop loss on the rest.
Need a winner. Unfortunately I’m also a long term holder of GSK, BT and CNA !!!
Any thoughts on the date of the second offer - if it ever comes ?
On a tidy profit at the moment, but my greed is disgusting and don’t want to see a SP collapse.