farmerdave
04 Oct 2016
Re: Out Interesting - someone makes an offer and you sell some of your assets - looks about as messy as it can ?FD
Peermade
30 Sep 2016
Re: Out Not a bad idea and with so many acceptances in the bag or conditional, take over rules etc, I have sold 60% of my holding as well. Seems the odds at the moment are against a higher offer. I would prefer the A-mericans not to succeed but in the end money talks. Notice they put the boot into Deutsche Bank whether right or wrong but don't forget they use large fines on foreign banks and the likes of BP line their coffers. Same issue with the Euro which frightened them for a while as a potential reserve currency. Never underestimate whatever they do is never altruistic.
farmerdave
30 Sep 2016
Out I have been mulling this over for a couple of days and today I sold my holding at 6.72. Whether this is correct or not we shall see. EIther way it has been great as my average in price was 3. Reasons were:At 6.72 discount is about 8.8%.Most in sector trade at 15+% discountIncrease in value largely due to FX recently not investment geniusOther deals have gone through recently at 15% or so discountOfferor made "final" offerI dont think we will get much better if we do and if not this falls back below 6.5 fairly rapidlyWell we'll seeFD
Peermade
16 Sep 2016
Re: Offer Offer needs to be at a premium to the NAV so £8 should be achievable in my view. Where are you Schroders?
farmerdave
16 Sep 2016
Re: Offer Good interims NAV 7.35 compared to offer of 6.5Board says - other bids coming, discount on NAV 10% but on invests 17.5% (removing cash) - to get the invest discount to 10% offer needs to be about 6,9 - also they have added 300m gbp of commitments in the last 6 months......Will hold to see what happens pre 6th Oct - given the bidder will just take it private and wind down think that there will be a fight by the boardFD
Mike Malt Man
12 Sep 2016
Re: Offer Probably 750p NAV given stronger USD & EUR, they are bidding because they believe it has good growth prospects. Has been well managed but undermined by short termist institutions like L&G, it's another one like Cadburys.
farmerdave
12 Sep 2016
Offer Offer for shares at650.Apr NAV 6.66 - given stock market move and FX changes believe interims will show 7+ at present ?FD
TheFamousGrouse
02 Jun 2015
SVG CAPIT Tender Offer Manage to sell 25% of my shares in the latest SVG CAPIT Tender Offer. A price of 535. I will hold out for some summer bargains or even to top up on any pull back, If others decide to reinvest then it will may close the discount to NAV.
farmerdave
02 Jun 2015
Interims 592 vs 590 estimate of NAVInterims show that incl NXPI changes NAV now approx 6.02 which is 15.3% disc todayFD
farmerdave
15 May 2015
Re: All majors sold new look gone too - 590p NAV approxFD
farmerdave
21 Apr 2015
Re: All majors sold ok igloo sold as well and converts nearly cleared upFD
farmerdave
27 Mar 2015
Re: All majors sold svg aberdeen sold as well at BV - no wonder they mentioned the value so clearly in their last report.just really igloo left and that was valued at 57m so not that bigFD
farmerdave
23 Mar 2015
Re: All majors sold ok 3p out - looking good thoughfd
farmerdave
17 Mar 2015
All majors sold All major assets sold (biggest iglo at 57m). Plus 144m still tied to NXPI (up 22 % since shares acquired ? - depends on price agreed but since date)All good I get NAV of 585 - 13.6% discount.Really depends on what they intend to do with huge cash pile (current 264m + arysta when received+sales of NXPI when they happen) - if give to investors price goes up if reinvest in PE assets - price stay about sameCat make my mind up to add but am holdingCheersFD
farmerdave
12 Mar 2015
Freescale sale With freescale sale another 22p a shareContinued buybacks etc gets me to 5.58 per share so discount 10% or soCheersFD
