gildph
- 26 Apr 2004 21:43
Does anyone believe there may be a higher counter offer or a rejection of the offer believing there's greater potential for this stock? Are people holding shares in anticipation or would now be a good time to take the profits?
hawick
- 26 Apr 2004 22:43
- 2 of 5
Done deal in effect i think. 46.2% irrevocable acceptances (so they won't sell to a higher bidder) gildph and sure today's volume would partly be the bidder picking up any stock under 95p in the market. I have to be honest i think it is a fair value offer and, not that it would make any difference, i am prepared to accept it!
goldfinger
- 27 Apr 2004 00:05
- 3 of 5
Hawick, glad you took my advise and got in on these. Hope tenby did the same.
Must admit though I wish I had more but having said that I see my mate old Stan at Caldwell Investments is bringing the bacon home.
cheers GF.
ps, stick with RAB, its going to perform no problems.
hawick
- 27 Apr 2004 09:08
- 4 of 5
I ain't dumping RAB mate, quite the opposite! Nice one Caldwell must be up about 200% for you!
PS You still interested in getting into that Aim stock that came from Ofex GF?
happy to watch
- 27 Apr 2004 15:11
- 5 of 5
Chances are there will be another offer, this is a cheeky bid that doesn't fully value London Bridge.
There is a cost to LB if they go with someonw else of 1.65M. That said, if the directors change their mind because of an offer that was 20% higher then who cares.
My summary is that this is by no means a done deal yet, obtaining 90% of votes is a long way off from 46.2% and that is what the aquirer has to do.
Stay the course and see what develops, you can't lose. At 93-95 you lose 2p on the cash offer + you have to pay dealing fees so it makes no sense to sell.
DYOR and good luck.