RE: BPC SHARE PRICE10 Jul 2020 11:22
You have to do your calculations properly. CERP holders will be well down on their holdings. CERP was at 2.4/2.6 proportions to merger announcement. It’s dropped 0.8p if you have 100,000 shares in CERP shareholders, after the merger, will have 80300. So 80,300 x 2.43 =£1951.29 at present 100,000 x 1.88= £1880. £70 profit is hardly a windfall. If the BPC price goes lower then it’s even less. I understand why CERP Pis are upset and I reiterate they have more to lose. I hold both shares now but prior to the merger announcement only held BPC. I agree with Malcy’s interview when he said BPC have went from a one trick pony to a company with multi assets. That’s if the merger happens of course.