Share tips thread
Discussion
FredClogs said:
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
It's very much a mental game. Long term patience is required and the ability to move again the herd. It's also very easy to gain a false sense of security where it's 'easy' to make money in a bull market.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
FredClogs said:
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
I agree and I got caught up like you did before I realised that listening to such boards was bad. Ended up losing about £6k in QPP which was valued at something like half a billion (so not a small company) when it tanked.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
Now im almost totally blue chip and long term funds. I dont have the time nor the balls for AIM.
43034 said:
g4ry13 said:
One thing I know for sure though is that I wouldn't want to be out over the weekend
Take that as a cue to exitWindyCommon 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.
D'oh oh well win some lose some. Anyone who took the offer could have bought their shares back at 20% discount and still got the offer price for those discounted shares. Would have taken some guts though.
.
WindyCommon said:
86DA said:
Why is the spread on Motif Bio so big?
Bid 30.00 Ask 37.50
Price 32.00
Look again later in the session.Bid 30.00 Ask 37.50
Price 32.00
Presumably a wide spread like that is just a broker covering his arse in the event of an expected big up spike or someone trying to push the market up.
This share is twisting my melon... The company must know at this stage how they propose to finance the Revive trial so I'm not sure why they haven't yet said and how they propose to plan the commercials and licenses going forward, they've not go to this point without a plan of how to go further.
Lack of news to the market on the longer term plan now must be related to the a need to keep the share price subdued for a reason, conversion of warrants, open short positions, large investor wanting to get in at the right price, shaking of PIs or even a buy out. Could also be concern that their largest investor, Amphion are up to their neck in lawsuits for patent trollery.
Similar to what we say last month the tension is building and it has to snap soon, the science on the much needed product they're developing should win out in the end.
FredClogs said:
...
Lack of news to the market on the longer term plan now must be related to the a need to keep the share price subdued for a reason, conversion of warrants, open short positions, large investor wanting to get in at the right price, shaking of PIs or even a buy out. Could also be concern that their largest investor, Amphion are up to their neck in lawsuits for patent trollery.
Most of those reasons would be illegal.Lack of news to the market on the longer term plan now must be related to the a need to keep the share price subdued for a reason, conversion of warrants, open short positions, large investor wanting to get in at the right price, shaking of PIs or even a buy out. Could also be concern that their largest investor, Amphion are up to their neck in lawsuits for patent trollery.
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?
As we used to say on the floor, if in doubt, buy your way out
Yidwann said:
Am I in the minority who cashed out of Quindell before it went TU and did quite well out of it? Just shows sometimes isn't it, even us idiots can make lucky decisions!
I too made a decent return on the back of QPP (through a SIPP I hasten to add). I don't feel proud of it mind given what occurred subsequently and what happened to those who stayed in. Shnozz said:
Yidwann said:
Am I in the minority who cashed out of Quindell before it went TU and did quite well out of it? Just shows sometimes isn't it, even us idiots can make lucky decisions!
I too made a decent return on the back of QPP (through a SIPP I hasten to add). I don't feel proud of it mind given what occurred subsequently and what happened to those who stayed in. Edited by p1stonhead on Monday 15th May 11:45
p1stonhead said:
I was still holding and dont keep an eye on it all day every day. I think I checked a couple of days after it tanked unfortunately.
Just had a look back over my account. Purchases totaled 293,771 shares at various stages starting 10th July 2012 (@ 5.7p) and May 2014. Average purchase price was £0.1337 (excluding trading fees).Edited by p1stonhead on Monday 15th May 11:45
I sold in 4 tranches - 74718 on 31st Jan 2014 @ 30.8p, 100,000 on 7th April 2014 @ £42.776p and 7926 (post share consolidation) @ 191.75.
Total cost was £39,282, total back £81,055.
If the company had prospered I would be feeling great about it. As it is, seems to be like it was the latest of Rob Terry's smoke and mirrors. It was as some of the projections got more and more ridiculous (I work in a similar field and the numbers just started to look absurd) that I decided I would get out. I'm thankful I did and feel for those who lost money on this. Yes, AIM is fraught with danger but I think the accounting practices utilised here were bordering on jackanory.
Yidwann said:
Am I in the minority who cashed out of Quindell before it went TU and did quite well out of it? Just shows sometimes isn't it, even us idiots can make lucky decisions!
What's the story with QPP?? I remember reading about it on this thread some time ago but it was before I started investing to didnt pay too much attention. Gassing Station | Finance | Top of Page | What's New | My Stuff