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I had shares in 2 companies which accepted the takeover terms in the last 4 years. In my experience the time taken from formal offer acceptance to receiving a pay out was around 6-8 weeks depending on whether finance was required. The 48.5p was just an intention to bid and not a foregone conclusion and possibly the reason for the drop in share price. is impatience. Shareholders are required to vote to accept the deal but I foresee the threshold being met if the actual reasonable offer is received. I have my suspicions as to whether 48.5p will be the actual bid, but I believe one will come and we will hear more during October to the nature of the bid. GLA.
Deep nice to hear you are still in for the ride. In my experience I find choosing when to sell always the hardest. I've been investing in shares for over 15 years now and Its only been a handful of times I have lucked out and found the top. having a price target isnt always the way in my opinion. Any news should feed into your share price value analysis. for example i also hold cna shares and my initial target was 120p. My assessment changed when news convinced me further value could be achieved so I continue to hold there. At the end of the day you can make your own luck !
Online retail is here to stay. High street retail cannot compete imho. People will continue to expect expedited delivery for goods bought online. I am not seeing those delivery prices coming down in my experience just like car parking charges. Albeit I expect a timeliness, quality and security of service support when I make an expensive purchase. Online retail brands wont go to evri or postoffice for that service. Can the branding of dx can provide confidence where these delivery co. consistently fail? Yes there are other global players and better service providers. There is enough volume growth to sieze. There are also the opportunities created by the brexit debacle as well. I continue to see value here since i bought in 2018. I have taken profit along the way and the recent dividend has been a welcomed surprise.