Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to johnstevens77,Bhoddhisatva,scotia,Anonymous,Cornytiv34, for Donating to support the site

Another day another takeover

For discussion of the practicalities of setting up and operating income-portfolios which follow the HYP Group Guidelines. READ Guidelines before posting
Forum rules
Tight HYP discussions only please - OT please discuss in strategies
spiderbill
Lemon Slice
Posts: 543
Joined: November 4th, 2016, 9:12 am
Has thanked: 155 times
Been thanked: 182 times

Another day another takeover

#252642

Postby spiderbill » September 19th, 2019, 9:11 am

Charles Taylor (CTR) to be taken private for £261m - a 34% premium on recent price.
https://uk.finance.yahoo.com/news/charles-taylor-agrees-purchase-deal-015335605.html

Probably was a bit on the small side for most here but I vaguely recall someone else having a holding. I seem to be getting bought out of a few things recently - RPC, KCOM, Greene King and Immarsat to come, and now this one. Will give me a useful profit on capital of around 24% instead of being slightly under, but it was a steady dividend payer and one of my earliest buys. So, yet another decision on what to replace it with.

Spiderbill

monabri
Lemon Half
Posts: 8396
Joined: January 7th, 2017, 9:56 am
Has thanked: 1539 times
Been thanked: 3428 times

Re: Another day another takeover

#252709

Postby monabri » September 19th, 2019, 3:23 pm

Looking at the numbers I think that the gift horse has just delivered!! ;)

(loss making, significantly over-valued,increasing debt, negligible ROCE)..

Grab the cash with both hands asap before they change their minds !

spiderbill
Lemon Slice
Posts: 543
Joined: November 4th, 2016, 9:12 am
Has thanked: 155 times
Been thanked: 182 times

Re: Another day another takeover

#252782

Postby spiderbill » September 19th, 2019, 11:08 pm

You may well be right. Looks as if the share price ended higher than the offer + value of the coming dividend. Does someone expect a second offer? If it's still there tomorrow morning I may well sell rather than wait for the takeover.
(starts thinking again about a replacement HYP share - hmm, BHP is one that I've thought about a few times. Not much that I'd currently consider topping up with the possible exception of Regional REIT.)

cheers
Spiderbill


Return to “HYP Practical (See Group Guidelines)”

Who is online

Users browsing this forum: No registered users and 13 guests