Member Info for Reader61

I had previously been advised of class actions relating to a couple of US companies. When I read the small print, I was on the hook if I joined the action or if I didn't, just as a result of being a shareholder. If they won however, I would get no comp unless I'd signed. If I lost, I would share the bill!! Typically American methodology.

Found that confusing

Will the announcement of the date have any effect on the SP? Whilst a Labour victory is predicted, some are saying a hung parliament may result. Would this reduce and chance of nationalisation?

I can't see that it would be an easy target for taking into public ownershipbut my fear would be a large shortchanged outcome on purchase of our shares should it happen.

Very likely on a US shopping list too I suspect!

I should have said, sage words, not advice by the way.

Thank you Londoner7, sage advice and appreciated. I have a small pot of cash, burning a hole, earning zero interest in my brokerage account. I think BHP will be its home, I already have some RIO and like yourself, have traded back and forth at various price points.

I shall take your advice on the suggested reading which sounds useful in terms of understanding the longer term.

Best regards

If they engage in bid warfare, the BHP price will drop from here to offer a more attractive entry point. However, without knowing the bigger strategy alluded to by other posters do I jump or stick?

PHNX are a dog share with a good divvy. Been in them for years and not broken even on a badly timed purchase at much higher than 470. Great for income of course but cap gain another matter although there's hope from this level I suppose.

Correct, and a gamble but with supporting factors. Previous commenter hit the nail, this is a bit like a contract for difference trade. I'm going to load up a few more, my thinking being at some point, even if this deal does not go through, we will get at least the offer 620p here.

Of course they can change recommendations. Remember, notionally, they are supposed to do the best for shareholders not withstanding, they are all substantial shareholders themselves. The nuances are that BOD may be offered lucrative packages and shares in trust, essentially a bribe. If that is the case they may vote for their own futures and being a director of a much larger company brings many many prospects for a very lucrative career.

It's a high quality problem to have. You will be getting a good bump in asset value compared to previous valuations. What you do with it from there is up to you. Despite withholding tax and lower dividends, my US shares have performed far far better than my UK. ones.

What Share Price gets us back into ftse100?

Any thoughts, I believed we would be on the ramp towards divvy date, instead a near 2% fall today?

Read this on MSN this am but don't have the paywall access.

Do their IT use Darktrace? Great sales opp if not.

Apologies if I missed, when will we know any outcome here? Just bought another 1,000 in hope it'll improve from current offer or another suitor hove's into view?

The Terry Smith video showed globally, own labels have had no impact in 10 years. This may be about to change in the West with inflation/interest rate/high tax impacting many of us. As he commented, his own grocery bill shocks him now (doubt it is a rounding error on his wages). What better way to help mere mortals than going own label. A wider metaphor may be the rise of Aldi and its impact on the big 4 supermarkets.

What really annoys me is the big 4 trumpeting "Aldi price match". What better way to highlight your fiercest competitor when you should be leading the way and the one to be matched!!

Lynch will have some impact as a major shareholder. If, as often happens in the US, a major fine is issued to mitigate additional prison time, a lot of shares may hit the market. I wouldn't trust an American jury to find an English defendant innocent, they will be biased towards their own US company, HP and probably anti wealthy upstarts to rival Gates.

The market is not logical, so whilst the product facts may be great, the sentiment will not be if guilty. Once past that however, hopefully the tarnish fades and the £10 can be seen in the distance.

Rothers, MNG is one such for 8% plus. The issue is reliability and longevity LGEN has exhibited over the years, even paying out during Covid, when Gov tried to shaft us for their own ridiculous reasons of wealth distribution, away from so called rich shareholders. We had Nigel Wilson to thank for that, he stood firm whilst the wet rags at Aviva, lloyds, Barc etc all caved and withdrew the divvy.

Presume this has to go to a vote so it's 25 top shareholders with 70% of the shares that will decide the fate. No idea of timescale, do I stick to see if a better bid and to collect the small divvy or do I twist? Either way, having averaged down from a nasty little tranch bought at £2.70p, it's a high quality problem to have, I now have a small profit on the cards at this price.

Thank you G59, as you allude to, no point worrying really. I'm getting 4.75% on cash at the moment, a buffer until I grab the superior returns on offer here at an entry point in the 50'/51's.