RE: who's accepting the offer26 Jun 2015 18:27
I am sorry to hear that Chipper. I guess that means you bought at some of the highest points this share has seen over the last 5 or 10 years. Your only options then become to average down or wait it out but you are out of time on this one. Sometimes not the best time to buy when shares are at a high point. I checked and the highest I paid was my first tranche in early March 2010 when I paid about £1.2455 - the lowest I paid was when it slumped after Christmas 2012 to about 10p. It was a gamble because many sections of the Press at the time and others were saying the company could go bust. A poster called yaner or something like that spotted a recovery with cocoa and sugar prices slumping etc. and thorntons being able to get by for a while as a manufacturer not just a retailer but, of course, the big supermarkets were able to demand the right to sell stuff much cheaper than own store branches. You can use the experience of your small loss here to some advantage in future. However, some shares just seem to keep on rising and you can find yourself locked out on the sidelines.
As I said on the day of the announcement, it is a big loss to the UK. One does wonder if cheaper rates on the high street etc. would have helped. I read something today on another bb and it reminded me that my local greengrocer, ironmonger etc. have all thrown in the towel in recent years and months. That's the price we paid for the relentless expansion of the big four supermarkets and the march of Amazon so it is hard to shed a tear for them now that Aldi and Lidl are giving them a taste of their own medicine. There's fewer folk walking down boarded up shop premises anywhere these days in their designer trainers. Maybe they are all sitting in their dentists waiting rooms or their doctors with the gout they developed ordering up their groceries on line sitting in front of their screens munching on chocolate bars. And with that I am off to the great outdoors.
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