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Cobham PLC

Practical discussions about equity High-Yield Portfolios (HYP) for income
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Changeable
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Cobham PLC

#253803

Postby Changeable » September 25th, 2019, 10:56 am

Cobham wasn't one of my best HYP picks. I had paired it with BAE.
There is shareholder agreement that the company should be sold at the offered price of 165p and it seems that the sale will be completed.
It's a pity because the company is well on the road to recovery now.

Search as I may on Cobham's web sight, I can't find any reference as to probable payment date for the outstanding shares.

Have I just missed it, or hasn't it been announced yet?

Changeable...

Breelander
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Re: Cobham PLC

#253822

Postby Breelander » September 25th, 2019, 11:39 am

Changeable wrote:Search as I may on Cobham's web sight, I can't find any reference as to probable payment date for the outstanding shares.
Have I just missed it, or hasn't it been announced yet?


Court Hearing
A date expected to be no later than 14 days after the satisfaction or waiver of Conditions 2(a) to 2(f) (inclusive), which is expected to be before the end of 2019 (D)(6)

Effective Date of the Scheme(7)
D + 2 business days

Despatch of cheques and crediting of CREST for Consideration due under the Scheme
By 14 days after the Effective Date
https://www.investegate.co.uk/cobham-pl ... 00026893J/


Results of Court Meeting and General Meeting held on 16 September 2019
https://www.investegate.co.uk/cobham-pl ... 10414702M/


So by my calculations that would be by 2nd October.

(I don't hold)

Alaric
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Re: Cobham PLC

#253823

Postby Alaric » September 25th, 2019, 11:39 am

Changeable wrote:Have I just missed it, or hasn't it been announced yet?.


The latest news is that the Government has intervened on potential national security issues.

https://www.theguardian.com/business/20 ... ity-advent

Changeable
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Re: Cobham PLC

#253880

Postby Changeable » September 25th, 2019, 4:04 pm

Breelander + Alaric

Thanks for the information !

I can see that I'll have to be patient...

Changeable

88V8
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Re: Cobham PLC

#253963

Postby 88V8 » September 25th, 2019, 11:34 pm

I sold in the market a couple of days after the takeover was announced. There was talk at the time of the Govt intervening, they've been jolly slow about it.

V8

Changeable
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Re: Cobham PLC

#254037

Postby Changeable » September 26th, 2019, 10:04 am

88V8 wrote:I sold in the market a couple of days after the takeover was announced. There was talk at the time of the Govt intervening, they've been jolly slow about it.


By me, greed always triumphs and I never learn. Besides which, my average purchase price was 180p :(
I was hoping a higher offer would materialise from perhaps BAE...

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Re: Cobham PLC

#261133

Postby Bouleversee » October 30th, 2019, 6:47 pm

The CMA had to submit their report yesterday. When do we get to hear what it said?


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