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Why 66p?
We should probably adhere to murphys law on most matters relating to this company.
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.
Great argument and summary of assessing the value of DX. PS65.
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 !
Did you not sell in the end Deep?
Cannacord decreasing their holding but they muat be sdlling to someone. I doubt its a PI.
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.
The stock market is a device for transferring money from the impatient to the patient
You so correct pianista. but a TR 1 notification would have been issued.
All the best sister.
Its about 1% of the shares in issue. Not a reportable amount. Stancroft trust ltd were the last major buyer. Dont have a lot of info on themm
There were 6.21M and 3.85M trades classed as buys within a minute of one another at 12:12
@sister I am genuinely interested in how you evaluate company worth and therefore share price? At the 40p share price you mention that is 12 times predicted future earnings estimates.