Member Info for tep1

Have those buys have just appeared? Buying to make 1.6% on a trade

15-Nov-19 13:55:49 18.90 3,000,000 Buy* 567.00k O
15-Nov-19 13:33:57 18.89 1,450,000 Buy* 273.91k O
15-Nov-19 08:49:52 18.84 2,000,000 Sell* 376.80k O
15-Nov-19 13:31:13 18.89 2,892,600 Buy* 546.41k O
15-Nov-19 13:33:45 18.89 1,450,000 Buy* 273.91k O
15-Nov-19 17:14:20 18.9414 2,529,504 Buy* 479.12k O
15-Nov-19 16:57:34 19.0791 2,000,000 Buy* 381.58k

Interesting!

Also the 25M USD Aviva Canada claim which is ongoing and worth another 40p/share.

I tried buying on the open market and couldn't get a price. Very suspicious!

I've seen a lot of figures today. Anyone else calculated £6.08/GFRD share for the issue, £2.70/GFRD share for the cash, £0.75 for the rump based on today's PE? Feels today share price is still heavily discounted.

For all the negativity on here today there were large trades after hours.

Be patient

Good factual post ttb. I agree

IMO it will go beyond this. I am still holding hard to let go of the divi!

I cant see the article that mentions law firms can someone post the link please? LSE news mentions "allegations" - it comes at an odd time. I'm speculating but is someone trying to sabotage the deal I wonder.

Even at 40p dx will be less than half the market capitalization of stobart. Post merger dx would have a combined net income excluding cost savings still greater. So could the share price be worth more?

4 - 6 x is conservative in my opinion. JM trades at 64 x and taking into account other smaller distribution companies trading over 20 x why wouldn't this be valued higher with a good brand and shared cost savings when combined!

change of terms ... at least 40p now!

I'd agree 75p would be well over 30x earnings. Whereas mid 20s is still only 10x and I think this is closer expectation of value in the short term. I dont recall a share dilution ever being mentioned?

A new issue of 800M shares for the reverse takeover. The new company will have approx 1.5B in revenue. There will be shared cost savings in the region of 15-20M. A new CEO and chairman of DX group also.

Sounds like GCM are saving face! I mean si there any reason why they cannot continue with the requisition; why withdraw it ? Its a long time to wait and a lot can happen but I hope for a good deal. Anyone got a view on the opening price though if it ever does ? I'm going with 26p.

Its lowball target for any takeover. This share still holds good value even into the 20s. Great point ojls Gatemore see value in this share and a long with other IIs.

Weren't Tuffnells bought out by connect group for £114m in 2014? Thats almost 7 times our market cap. Just saying

Big buys or are they sells or just MMs playing games. It still a decent dividend in my opinion. FCF has improved also.