Member Info for thecumbrian

It’s sad anyone anyone who is really I’ll will the covid, but bet most of the seriously Ill are fatties, diabetics , those that don’t eat healthily , those that smoke and some who have never done a days exercise since they were at school. The government and health advisors were too quick to endorse masks and bully some to have jabs rather than use this last 2 year period as an opportunity to help get the country fitter and eating healthier.

Am
I missing something ( I hold both nex and sgc and think the merger would give great economies to both ) but why is there no mention of the possibility that nex may have decided by default to “ miss “ the deadline and walk away for the deal by default. ?
As I say it may be obvious that I’m missing something, I usually am.

Or bid withdrawn.
I’m not sure what the rules are about time limits for walking away from an offer and then coming back again in the future. But unfortunately it doesn’t appear that there are investment groups circling overhead to swoop and up the ante ( but we can always wish)
My main concern is the dwindling passenger numbers, working from home and the decimation of city centres, all of which don’t do any good for sgc.
With a bit of inventiveness the mass transport business should be making plans to flourish ans pushing the positive effect bus travel has to the environment, but at the minute there’s nowhere for passengers to go !
Let’s all heathy, get a jab if you want and get back to normality.

Hi. I’m interested in what the point you are trying to make.
Holders here ( including myself ) are just interested in which way their relative share value will go, up or down, and the income by way of dividend it will return.
Whether the share price is under the banner of NEX/SGC , Sgc or whatever the combination . I presume you agree that Nex may make an increase on the fraction of a nex share Sgc holders will get on the merger.

There’s obviously no crystal ball, but if takeover/merger comes off, all or some of what people have stated may well happen , but there is no doubt The new NEX& whoever group will have a massive, varied established organisation that has the scope and potential to rise very sharply in the mid term ( depending on travel restrictions etc ),
I would be disappointed if sgc shareholders don’t a have an equivalent share value of over £1 in the early part of next year and no reason why sgc holders couldn’t have the equivalent values of around £2 , as seen in the not to distant past .
I am however in a positive mood, like most are when share is on the rise.
Good luck shareholders.

Or those in the know think this IS the correct value wWITH the payback include ( + or - the risk of nonpayment ) but I do agree this will plummet if. On payment occurs.
Fingers crossed , looks like Santa rally not a certainty this year

I’m presuming Indian government can’t then renege on the deal again and we’re back to square one.

Question please to all educated holders here.
Is the difference between the original offer from nxt of 0.36 per share currently 2.40/0.36 = 86p value of sgc and the current actual value of sgc around 78p just the risk factor of the merger NOT taking place ( presuming no other bidders circling ) or would it not just be mirroring Nat exp price more or less at the very least.

Looking at the chart there will be very few holders who will profit even with the Indian return of tax . ( only the those that bought on the 2 big dips over the last 2/ 3 years. ) If price doesn’t rise before the rebate, and assuming this drops the 72p after ex div date We are starting from around the 120p point again The full arbitration award appeared to be priced in to the 242p spike on the news so this is possibly the difference between the figures done ( myself included) expected and where we are.
I’m not sure why board would decide to accept the offer without the interest, why they appeared to have Indian gov. on the back but I’m presuming they had legitimate reasons to do this.
I , like some here would welcome an end to the fiasco and get on to the oil business.

With the 15% drop since the investment group rumour of a bidding battle with Nat ex a couple of weeks ago, is the consensus now that bidders aren’t circling overhead ready to bid?
I’m concerned this won’t come off in the short term but it am confident that if/when industrial actions and COVID with the possible restrictions reintroduced and these then subsequently sorted out that this will return to being the preferred travel option for the masses ( with carbon emission targets being tightened too ) I do think however that if the takeover merger doesn’t come off soon that this will plunge again. I do hope I’m wrong, I usually am.

I love this share ( when it works my way lol) tried several times to sell half my trading stash, around the 99.7p mark at around 415, with no success, could only set a limit order so didn’t continue, so not sure if book orders are filled before new trades are executed, but am content either way.
I think this has a lot of legs left to it , but what do I know

This is a big reduction in the last week. Don’t know if national express have dug their heels in and others suitors have disappeared , in which case a fraction of nx share for one sgc share means this is around its merger/takeover price.

Apologies for my thumb work.
I would have hoped if any takeover / merger comes off that the value to sgc shareholders would value them over the £1 mark , since we’ve missed out on 2 years divis

That’s vey true. I think what’s more unbelievable is the is about 20% LOWER than when things partially opened up again earlier during COVID
I’m hoping with the magic pill announced this week a most positive approach to travel might start.
We just have to get the high street businesses sorted now, if possible , in order to increase the non essential visits into our cities especially since many companies and local authorities are shift a huge amount of their work to working from home, some firms getting their staff to justify why they need to work from work , ! Wish I had had that choice

I agree really positive financial update, drop possible just a bit profit taking ( “sell on news” scenario ) but it’s been a really good couple of years for virgin money and after a nice report a pause for breath and up and away again, I like the push to electronic too.
I’m in at 181p and can’t see anything in the report that “should” prevent this from rebounding fairly quickly.

It’s strange, I possible see the medium term potential but don’t know why £2.25/2.50 is mentioned in the short term.
Has the 70p return of taxes form GOI been priced in already ? with the jump from around the derisory low £1.25 mark ,after the announcement was made or are some of expecting a further rise after the rebate arrives? or do the markets consider there is still a risk of India not paying at all .
These are questions I have, not agenda statements and I realise people don’t have crystal ball but am interested to see what I am overlooking as I expected this to be priced higher now with current assets and as others have mentioned with the Indian and North Sea cash we appear to be way underpriced.
Good luck all genuine and polite holders.

Well, I didn’t expect that response , being accused of a deviant, a paid shill and a non holder.
I did however expect someone more knowledgeable that me to highlight the blaringly obvious point I am missing that others can see.
I guess for your response that you are overly committed and see spite and venom as a response to an honest question.
Good luck to all genuine and polite holders.

I’m absolutely flummoxed here. Presuming there isn’t going to be a takeover bid, if the share price doesn’t rise substantially (+70p ) when/ if India deal is completed, aren’t the long term holders only getting their own cash back. The wise ones, of which I wasn’t one, who bought earlier in the year would be the only real winners. I’m only watching out of interest as I bought before the drastic share division last year. I’m sure I need about 2.50 plus the 70p , not much chance of that yet , but who knows.

So you are saying the agreement requires Cairn to withdraw their claim before they can get paid ?
If you surely there are escrow type accounts where there the cash would be held independently unless the deal is done. Or is that too simple .

So is the consensus that this is well below true value and only because of the India risk?