Regulators are to investigate Lloyds Banking Group's ÃÂ£1.9bn acquisition of credit card provider MBNA from Bank of America amid concerns the deal could hurt competition in the industry. The Competition and Markets Authority (CMA) has started a probe into the takeover, an acquisition that would boost Lloyds's share of the credit card market from around 15pc to 26pc, transforming the lender into a fierce competitor to dominant Barclaycard, which has 27pc. - Telegraph
Yet more fiddling by regulators.
What happened at Capita was a shock to many, even investors like Woodford, but it is still better positioned going forward than Lloyds IMO. I build-up holdings over time and so you don't know what my Capita average buy-in price was/is. I am actually now slightly positive on my Capita holding which I still hold.
I have long term holdings and short-term momentum holdings. I have made greater returns on my momentum stocks than you have on Lloyds since June. I actually have referenced them in earlier posts. Just to name a few: Reynolds American - takeover by BAT, Altria - takeover read across from BAT/RAI, Eli Lilly - post Alzheimers drug failure, Centrica trading 200-240 range, G4S - balance sheet improvement. I could go on.
Alp - yep, hold 'em.
They do get linked with takeover rumours quite often. That's actually why I bought.
FEVR - just look at that chart. First tried their various tonics on a cruise liner. Liked them so much, bought quite a few. .Shares not tonics
Obvious points that are being missed by many are time frames and the effort that some can put in to make a success.
There is a mismatch in time frames between the continent and the UK; longterm for the latter is next Monday. One reason why it is as rare as hen's teeth to have a British fund counter bid in a UK takeover situation. Get rich quick mate is the motto; by the time that the chickens come home to roost I am long gone.
In terms of effort an example would be when the two Germanys were put back together; the press at the time was talking about a 50 years undertaking. History says otherwise.
Perhaps two reasons why the UK could never fit in the EU?
I believe there is a takeover rumour from more of our American friends Broadwood.
I will have a read alphorn ... though we do frequently disagree :-).
I just don't find Eurozone that compelling, but I guess shortly QE will be withdrawn in Europe pushing up yields which might be supportive short term. Just fear Sterling at the moment driven be fear rather than reality, albeit we won't know the reality for a while.
But if this currency weakness continues I wonder what the next UK takeover will be ... certainly feels like something brewing in that department