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A broker rang me on news of offer strongly recommending sell , " look at potential upside to down side " he thought 265p was a very good take. Two days on able to sell just 2p under offer @ 278p and holding .
The big boys might think a counter offer is a real possibility .
any counter offer would have to be 325p or more to release the irrevocables which is not very likely so may as well sell now and move on
Well I'll wait a bit. Esure make good money and have now clearly signposted that they are available to the market.
Always a good possibility of a higher counter offer when this happens. If not sure take half.
Sold out at £2.77, glad to have made a profit, only have one insurance stock left in my portfolio which is Direct line, the money from here will be split between Royal Dutch Shell and others
Without the dividend there's little point in me holding on. 45% of the vote (funds/Pete) is already written in favour.
280p offer - more pennies coming your way .
haha! i'm talking pish, of course. just saw esur announced it yesterday... i stand corrected and haughily embarrassed!
how will that not be investigated by fca?
eSure is my 2nd largest holding and I'd been looking to reduce from 11,500 shares to 3,000 which is my average stake in other companies. The way the RNS is written says we are only waiting for the ink to dry plus the interim dividend and it's worth holding on for the additional 18p.
The question I want an answer to quick is will it go through and when will we know? Hopefully before september. If the bid fails the share price will fall back hard and any future share price recovery looks unlikley right now, so I'd like to take the full £2.80 a share asap to invest eleswhere.
The city boys need to be locked up. Insider trading is rife and illegal.
Kicking myself as nearly bought a chunk of these on Friday :-(( and even more bizarre a pals son who works in the city tipped me last week that ESUR and PDL could attract a healthy premium bid this quarter so obviously some in the city knew something was brewing.Interesting they released this today ahead of trading update tomorrow ? so we can assume at worst they are "trading inline with expectations" and maintaining large dividend.Am only holding around 3k worth @ 227p so peeved I did not grab another 10k worth on dip last week !!
Some synergy in the two companies recent trading - Esure has been walked down to near all time lows on nothing and now back to historical peaks with the bid.Petra diamonds has been walked down from even the recent rights issue terp of 62p to a current 38p but apparently currently upping production levels.
I would be interested to know if the II,s are the same trading both of these and no doubt making a mint !
Yes took all in profits ! See if there is a fall back and try and get in again. Can anyone tell me if there is an update on interims tomorrow ?
Yes Firwood that sure has happened before ! Might just take a holiday or be greedy and invest in Farn !
News from TD direct is that Esure have been in talks with Bain Capital about an outright buyout .This is a possible bid at the moment.I have flogged off half of mr E sure holdings at a good profit,decided to keep in the game here to see what unfolds .
Take in mind that the situation is at possible level when thinking about your moves.
All the Georgey.
It's your day buddy....dont let the seratone rush make you lose it somewhere else :)
Oh my days ! Just bought 15mins a go as a punt on results tomorrow and seen it go up ! What’s happened ? Does anyone know ?
Rising nicely today ! Results tomorrow
Near 8% rise. Surely good news coming
Maybe good news next week has prompted the rise. Coy website says next event 14 August. Nothing in the financial diary but half year results were out earlier in August last year
Esure got a shout by Fools as a stock that’s been beaten down and says that with growing profits the dividend is safe, and envisages a 7% for next year..
Sabre today released their half year report. Focusing on profitability over volume and declaring maiden dividend.
If positive might add more here. Won't ever catch the bottom and not bothered by a few pence, just as long as the trend has been reversed for the time being.
Make that 4 times