RE: RE: johnson3617 May 2018 19:42
Johnson Hi,
This is the plan.
Yes I agree TW SP could rise to 210 by EXDD so with the divi that would take it to 220+.
I have 80k ITV shares to sell ( 50% of holding ) to buy TW so if I could get 172 ( Bought at 149 ) that would give me approx �137,600 that would buy about 68k TW shares if I could get them before they went up any further say at 2.02. ( Thats why I am waiting like mad for the 172 before TW go up any further )
So 68k TW shares at 210 as we assume = �142,800, 68k at the divi 10.4 pps =�7072 plus the �142,800 =�149,872
That deal would make 149872 -137600 = a profit of �12272 in one hit, saving 50% in ITV just in case that went up too with a possible bid as well. I may even consider selling all the ITV to buy TW and that would take the profit to nearly �25k pound in one deal.
I would then buy back ITV hoping TW went up even more over the few weeks after 31st May. Of course they could fall 10p but as you know they could bounce back very quickly or even not fall at all as the last divi proved SP dont drop every time after the Divi date.
Whatcha think ? Hope my math is correct and you see what my thinking is.
ATB
Tom :)))))))))