Share tips thread
Discussion
Burwood said:
p1stonhead said:
Apple have crossed over $800billion market cap with a little over $250billion in cash reserves. Amazing.
Soon to be the first trillion dollar company?
I have no doubt it will get there. It's arguably worth it now given it's earnings. We also know the iPhone 8 will be huge due to it's material form factor change. Just waiting a tax change to send the 250B back into the statesSoon to be the first trillion dollar company?
i think itll be by this time next year as you say, especially after the '8'.I continually think about getting back in (and have done so for the past few years) and every time I choose not to. Every time I regret it
p1stonhead said:
Burwood said:
p1stonhead said:
Apple have crossed over $800billion market cap with a little over $250billion in cash reserves. Amazing.
Soon to be the first trillion dollar company?
I have no doubt it will get there. It's arguably worth it now given it's earnings. We also know the iPhone 8 will be huge due to it's material form factor change. Just waiting a tax change to send the 250B back into the statesSoon to be the first trillion dollar company?
i think itll be by this time next year as you say, especially after the '8'.I continually think about getting back in (and have done so for the past few years) and every time I choose not to. Every time I regret it
He still holds all the other equitiesbmwmike said:
WindyCommon said:
bmwmike said:
Anyone hazard a guess as to what will happen to the remaining 6% or so of IAE (Ithaca Energy) shares that Dalek did not buy?
I've not looked at this transaction in particular, but the general principle (under the Companies Act) in the UK is that an acquirer with 90% acceptances can compel the remaining shareholders to sell at the tender price. It's called a "squeeze out".Ithaca Energy is a Canadian company so not subject to our (UK) Companies Act. Acquiror is Delek (not Dalek).
The offer document said:
ACQUISITION OF COMMON SHARES NOT DEPOSITED
If within 120 days after the date of the Offer, the Offer is accepted by holders who in the aggregate hold not less than 90% of the issued and outstanding Common Shares, on a Fully-Diluted Basis, other than Common Shares held at the date of the Offer by or on behalf of us, or an affiliate or associate of us (as those terms are defined in the ABCA), and we acquire or are bound to take up and pay for such Deposited Common Shares under the Offer, we may, at our option, acquire those Common Shares which remain outstanding held by those persons who did not accept the Offer pursuant to a Compulsory Acquisition.
If a Compulsory Acquisition is not available or we choose not to avail ourselves of such statutory right of acquisition, we may pursue other means of acquiring the remaining Common Shares not deposited under the Offer pursuant to a Subsequent Acquisition Transaction. The Offeror, however, expressly reserves the right not to propose a Compulsory Acquisition or Subsequent Acquisition Transaction.
So, it looks to me as though Delek are not required to purchase any untendered shares at the CAD1.95 offer price. Assuming Ithaca is delisted, holders will end up with a minority holding in an unquoted company. I guess they'll continue to receive any dividends the majority owner chooses to pay itself...If within 120 days after the date of the Offer, the Offer is accepted by holders who in the aggregate hold not less than 90% of the issued and outstanding Common Shares, on a Fully-Diluted Basis, other than Common Shares held at the date of the Offer by or on behalf of us, or an affiliate or associate of us (as those terms are defined in the ABCA), and we acquire or are bound to take up and pay for such Deposited Common Shares under the Offer, we may, at our option, acquire those Common Shares which remain outstanding held by those persons who did not accept the Offer pursuant to a Compulsory Acquisition.
If a Compulsory Acquisition is not available or we choose not to avail ourselves of such statutory right of acquisition, we may pursue other means of acquiring the remaining Common Shares not deposited under the Offer pursuant to a Subsequent Acquisition Transaction. The Offeror, however, expressly reserves the right not to propose a Compulsory Acquisition or Subsequent Acquisition Transaction.
If I am correct, this would explain why the shares have fallen to below the offer price. I suspect that Delek are quietly hoovering up any that are offered, thus reducing slightly their own average cost per share. And anyone who didn't tender (or more interestingly their broker didn't tender) having not read the offer document properly will have missed out. Another salutary lesson from the world of small-cap oilers...
In summary: no - it doesn't look like you can buy these and pocket any uplift to the offer price. As you rightly observe - if you could, the opportunity wouldn't exist.
WindyCommon said:
bmwmike said:
WindyCommon said:
bmwmike said:
Anyone hazard a guess as to what will happen to the remaining 6% or so of IAE (Ithaca Energy) shares that Dalek did not buy?
I've not looked at this transaction in particular, but the general principle (under the Companies Act) in the UK is that an acquirer with 90% acceptances can compel the remaining shareholders to sell at the tender price. It's called a "squeeze out".Ithaca Energy is a Canadian company so not subject to our (UK) Companies Act. Acquiror is Delek (not Dalek).
The offer document said:
ACQUISITION OF COMMON SHARES NOT DEPOSITED
If within 120 days after the date of the Offer, the Offer is accepted by holders who in the aggregate hold not less than 90% of the issued and outstanding Common Shares, on a Fully-Diluted Basis, other than Common Shares held at the date of the Offer by or on behalf of us, or an affiliate or associate of us (as those terms are defined in the ABCA), and we acquire or are bound to take up and pay for such Deposited Common Shares under the Offer, we may, at our option, acquire those Common Shares which remain outstanding held by those persons who did not accept the Offer pursuant to a Compulsory Acquisition.
If a Compulsory Acquisition is not available or we choose not to avail ourselves of such statutory right of acquisition, we may pursue other means of acquiring the remaining Common Shares not deposited under the Offer pursuant to a Subsequent Acquisition Transaction. The Offeror, however, expressly reserves the right not to propose a Compulsory Acquisition or Subsequent Acquisition Transaction.
So, it looks to me as though Delek are not required to purchase any untendered shares at the CAD1.95 offer price. Assuming Ithaca is delisted, holders will end up with a minority holding in an unquoted company. I guess they'll continue to receive any dividends the majority owner chooses to pay itself...If within 120 days after the date of the Offer, the Offer is accepted by holders who in the aggregate hold not less than 90% of the issued and outstanding Common Shares, on a Fully-Diluted Basis, other than Common Shares held at the date of the Offer by or on behalf of us, or an affiliate or associate of us (as those terms are defined in the ABCA), and we acquire or are bound to take up and pay for such Deposited Common Shares under the Offer, we may, at our option, acquire those Common Shares which remain outstanding held by those persons who did not accept the Offer pursuant to a Compulsory Acquisition.
If a Compulsory Acquisition is not available or we choose not to avail ourselves of such statutory right of acquisition, we may pursue other means of acquiring the remaining Common Shares not deposited under the Offer pursuant to a Subsequent Acquisition Transaction. The Offeror, however, expressly reserves the right not to propose a Compulsory Acquisition or Subsequent Acquisition Transaction.
If I am correct, this would explain why the shares have fallen to below the offer price. I suspect that Delek are quietly hoovering up any that are offered, thus reducing slightly their own average cost per share. And anyone who didn't tender (or more interestingly their broker didn't tender) having not read the offer document properly will have missed out. Another salutary lesson from the world of small-cap oilers...
In summary: no - it doesn't look like you can buy these and pocket any uplift to the offer price. As you rightly observe - if you could, the opportunity wouldn't exist.
86DA said:
Motif Bio went to 44-45p ish back at 31.50p now.
Worth keeping or take the loss?
I've been following the forums closely and it all suggests keep. I bought in at 37.5p. Broker are giving 90p to 120p target price and mostly rating strong buy (for what that's worth.) Nothing negative has happened in terms of the FDA approval so the drop is probably not suggestive of long term potential. Worth keeping or take the loss?
Alrey87 said:
86DA said:
Motif Bio went to 44-45p ish back at 31.50p now.
Worth keeping or take the loss?
I've been following the forums closely and it all suggests keep. I bought in at 37.5p. Broker are giving 90p to 120p target price and mostly rating strong buy (for what that's worth.) Nothing negative has happened in terms of the FDA approval so the drop is probably not suggestive of long term potential. Worth keeping or take the loss?
Alrey87 said:
86DA said:
Motif Bio went to 44-45p ish back at 31.50p now.
Worth keeping or take the loss?
I've been following the forums closely and it all suggests keep. I bought in at 37.5p. Broker are giving 90p to 120p target price and mostly rating strong buy (for what that's worth.) Nothing negative has happened in terms of the FDA approval so the drop is probably not suggestive of long term potential. Worth keeping or take the loss?
But from what I understand the drug is fairly well derisked, it's been through this process before and Mtfb fully understand why it failed. The commercials are the only real concern. And why sabby chose to get out.
It's not impossible to me to wonder if it's a n orchestrated market move by some of the market makers to bring the price down into a range but I'm not that experienced in how or why they would do that, there are shorts out and warrants being converted.
86DA said:
Yes you have to accept that shares go down as well as up.
I was 12% down now 10%.
Brokers are talking 90p, so finger crossed.
Up this morning on news that they've just appointed 3 well respected egg head clinicians to their advisory board, more letters after their names than I've got in my name... Can't be bad?I was 12% down now 10%.
Brokers are talking 90p, so finger crossed.
Has anyone looked into Bango? (BGO) I used to work for them, always a company on the cusp of the big breakthrough, i've had a small holding since last year and have made a really good return. I'm tempted to top up some more as I think the half year is going to show them breakeven/ profitable.
Just wondered what others thoughts were?
Just wondered what others thoughts were?
egomeister said:
First rule of small cap investing, don't get sucked in by the forums. Second rule of small cap investing, don't get sucked in by the management.
I wonder if they believe what they are saying, are just trying to trick new people to help push the price up, or are just trying to create a positive mindset to help the price go up? Obviously that is for the positive ones. You always then get that one or two people who talk it down all the time, yet if they thought it was such a bad company they wouldn't bother using their time on it. Lots of fun!NRS said:
egomeister said:
First rule of small cap investing, don't get sucked in by the forums. Second rule of small cap investing, don't get sucked in by the management.
I wonder if they believe what they are saying, are just trying to trick new people to help push the price up, or are just trying to create a positive mindset to help the price go up? Obviously that is for the positive ones. You always then get that one or two people who talk it down all the time, yet if they thought it was such a bad company they wouldn't bother using their time on it. Lots of fun!NRS said:
egomeister said:
First rule of small cap investing, don't get sucked in by the forums. Second rule of small cap investing, don't get sucked in by the management.
I wonder if they believe what they are saying, are just trying to trick new people to help push the price up, or are just trying to create a positive mindset to help the price go up? Obviously that is for the positive ones. You always then get that one or two people who talk it down all the time, yet if they thought it was such a bad company they wouldn't bother using their time on it. Lots of fun!There are a few like this on one of the boards for a share I own. One chap keeps calling where the market cap will be by this date or that date, and to be fair the share has been moving well in that direction but I doubt there is any science behind it. Another will paste in any bit of (normally social) media coverage, even if its a tweet from a small local seller. It smacks of being a bit desperate - I'd be worried about the delusion if I didn't believe in the company myself!
Other amusing ones are those who repeatedly call their trades, "bought another 600 today" then days later "topped up with 1000 this morning" etc etc. Its all rather unbeliveable...
Anyway, market makers are doing a tree shake, must dash!
egomeister said:
I have no idea whether it is delusion, ramping or something else.
There are a few like this on one of the boards for a share I own. One chap keeps calling where the market cap will be by this date or that date, and to be fair the share has been moving well in that direction but I doubt there is any science behind it. Another will paste in any bit of (normally social) media coverage, even if its a tweet from a small local seller. It smacks of being a bit desperate - I'd be worried about the delusion if I didn't believe in the company myself!
Other amusing ones are those who repeatedly call their trades, "bought another 600 today" then days later "topped up with 1000 this morning" etc etc. Its all rather unbeliveable...
Anyway, market makers are doing a tree shake, must dash!
One thing I know for sure though is that I wouldn't want to be out over the weekend There are a few like this on one of the boards for a share I own. One chap keeps calling where the market cap will be by this date or that date, and to be fair the share has been moving well in that direction but I doubt there is any science behind it. Another will paste in any bit of (normally social) media coverage, even if its a tweet from a small local seller. It smacks of being a bit desperate - I'd be worried about the delusion if I didn't believe in the company myself!
Other amusing ones are those who repeatedly call their trades, "bought another 600 today" then days later "topped up with 1000 this morning" etc etc. Its all rather unbeliveable...
Anyway, market makers are doing a tree shake, must dash!
g4ry13 said:
egomeister said:
I have no idea whether it is delusion, ramping or something else.
There are a few like this on one of the boards for a share I own. One chap keeps calling where the market cap will be by this date or that date, and to be fair the share has been moving well in that direction but I doubt there is any science behind it. Another will paste in any bit of (normally social) media coverage, even if its a tweet from a small local seller. It smacks of being a bit desperate - I'd be worried about the delusion if I didn't believe in the company myself!
Other amusing ones are those who repeatedly call their trades, "bought another 600 today" then days later "topped up with 1000 this morning" etc etc. Its all rather unbeliveable...
Anyway, market makers are doing a tree shake, must dash!
One thing I know for sure though is that I wouldn't want to be out over the weekend There are a few like this on one of the boards for a share I own. One chap keeps calling where the market cap will be by this date or that date, and to be fair the share has been moving well in that direction but I doubt there is any science behind it. Another will paste in any bit of (normally social) media coverage, even if its a tweet from a small local seller. It smacks of being a bit desperate - I'd be worried about the delusion if I didn't believe in the company myself!
Other amusing ones are those who repeatedly call their trades, "bought another 600 today" then days later "topped up with 1000 this morning" etc etc. Its all rather unbeliveable...
Anyway, market makers are doing a tree shake, must dash!
absolute classic. Have seen that so many damn times. I've been in SOU for a while with a few grand nothing major which has been now bumbling along around mid-high 60's for a few months having hit 100 very briefly.
At the height of the rise though (and it was strong and quick) so many people on one of the boards were coming in claiming to have sold all of their other shares and put everything into SOU because 'this will be £5 by April'!
I only hope they were not telling the truth as they are currently down 35% and no signs of things moving much for a while as far as I can tell.
But so many starry eyed dreamers putting everything they have into a share they know nothing about because they see the line go up on the graph for a few months - 'trust in the MD in whatever he says!' Scary.
The same happened with QPP (the previous darling of AIM) and look what happened there!
Edited by p1stonhead on Thursday 11th May 07:13
I admit that as a new investor I've probably far to much attention to conversations on the LSE BB, I've also spent far to much time checking prices on my phone, to the point of compulsion. I've got rid of the Money app on my phone now and not reading the LSE BB (iii and advfn seem more moderated or at least more subdued) I've made very few bets and gambles in my life and I now know why, I get a bit jumpy about loosing money.
In fact I've realised I'm not really cut out for this kind of investing, I just don't feel comfortable with the obvious disparity between knowing it's a long term waiting game of patience and having the ability to check and make changes instantaneously, especially when the market (on AIM at least) seems so irrational to the point of feeling the paranoia that it must all be a rigged set up. I've cut my holdings right down and re invested back into a split of managed and passive funds. Luckily I've not lost anything in my 6 month meander, but I'm still holding MTFB, this one has to rocket soon... I can feel it in my water
In fact I've realised I'm not really cut out for this kind of investing, I just don't feel comfortable with the obvious disparity between knowing it's a long term waiting game of patience and having the ability to check and make changes instantaneously, especially when the market (on AIM at least) seems so irrational to the point of feeling the paranoia that it must all be a rigged set up. I've cut my holdings right down and re invested back into a split of managed and passive funds. Luckily I've not lost anything in my 6 month meander, but I'm still holding MTFB, this one has to rocket soon... I can feel it in my water
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