Anyone looked at Highway insurance. Div yield of 8.82 and a PE of 5.22.
Share price at an all time low.
Seem cheap, am I missing something?

Happy days for Highway holders, me included, that bought in during the recent SP weakness.

nice day

Price is at potential offer, discounting dividend. The question now is what to do - hang around for a potentially better offer or take the money and run.

I'm hanging around Big Al. No-lose situation really. If the offer is withdrawn the shares will obviously head southwards but the juicy dividend will be there. And I didn't buy the shares for their take-over potential so this is just a bonus for me.

It's always a difficult one, queen1. Personally, I'm not inclined to hang around in a bear market for a bid to fail so sorely tempted. I'll probably sleep on it over the weekend.

Best of luck with your decision :)

FYI, I've cashed in. I'll take the 42% on last week's purchase in the SIPP.

Fair enough. Spend it wisely!