|XN Checkout Hld
||EPS - Basic
||Market Cap (m)
XN Checkout Hld Share Discussion Threads
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|I don't think you have the choice anyway now, N. XNC have been delisted. You should have had your Torex shares by now. If you didn't accept the offer, Torex will compulsorily acquire them in due course.
Best wishes. I see you have already made your mark on the Torex board. :-)|
|Are you sure I should be looking at the bid price, they are being converted not sold.
Current share price TRX
117 * 2.547 = 2.9799 (Sp of XNC 302.5)
Bid share price TRX
116 * 2.547 = 2.9545 (bid price XNC 290)
It wouldn't have made ecomoncial sense to sell them because of the spread on XNC. However, we don't appear to be getting full value, but is better to wait till after conversion before selling because of narrower spread on TRX.
100 XNC sell before conversion 100 * 2.90p = £290
convert them first
100 * 2.547 = 254 new trx shares (company get to keep .7 of a share)
254 * 1.16 = £294.64
Better off by £4.64
Anyway, no matter, we'll see what happens shortly.|
|I think you need to look at the bid price, N. Torex Retail 116p bid x 2.547 = 295.45p per XNC share. That's about what you could have sold XNC for earlier in the week.
Last bid price quoted for XNC 290p. You're better off taking the Torex shares than you would have been selling at that price.
I've accepted the Torex offer, although I didn't think it was particularly generous. Torex should do well - but the immediate future is cloudy after this flurry of takeovers, so I must admit I feel some doubts about it.|
|It's done as far as far as I'm concerned nfranks.
But you'll be getting 2.547 TRX shares for every XNC as you say.
2.547 x 116p TRX bid price today is 295.45p per share. XNC are worth 290p bid so you gain 5.45p an XNC share on conversion.
|I think my clever and devious plan may have back fired!!!!!!
Depending on when shares are converted. Anyone know when this will happen??
XNC = 302.5 pence
Torex retail = 117 * 2.547 = 297.99
are we losing about 4.5 pence a share????????|
|Goodbye nfranks and all, and good luck. What fun it was while it lasted.|
|Bye Bye, XNC Delisted as of 7.00am on 9th September.
Shareholders have now gone to a happier place (hopefully) - Torex Retail here we come.|
|IF/WHEN the punch deal comes along for XNC/TRX, it looks like it may have just got bigger:
Consolidation in the bar and pub sector continued. Punch Taverns agreed to buy Avebury Holdings for around 219 million pounds - including the assumption of approximately 120 million pounds of external debt. The shares rose 4.5p to 730.5p. It said the cash consideration was expected to be funded out of existing resources and proceeds from the forthcoming refinancing, which it unveiled on July 1st2005. Avebury is a private company, which operates a leased and tenanted pub estate of 409, mostly "community" pubs.
I wonder if XNC are still on track to get the Punch deal. I remember that it was mentioned a few times on this thread.|
|Looks like NSB is about to be passed the baton for best performer in the IT sector.
Trading statement due soon, and a big buyer fishing about.
I agree it's been a bit of a dog but it's rating is almost half that of the rest of the sector.|
|XNC worth 305p a share post TRX bid shares, buy now for 303p and you're instantly in profit
|Very strong results from Alphameric today and they say:
""The markets we serve are experiencing strong trading conditions which in turn
are providing good sources of growth for us."
Must bode very well for TRX and XNC imo.
|just on the cusp of a breakout :-)
|Some big buys today - in XNC and TRX, something cooking imo - pre-trading statement buys perhaps
|blimey, she's motoring now :-)|
Torex Retail PLC
01 July 2005
Torex Retail Plc (the "Company")
The Company was informed on 1 July 2005 that Christopher Moore, a director and
the CEO of the Company, purchased 1,000,000 ordinary shares of 1p each
("Ordinary Shares") from Juergen Heck at a price of 110p per Ordinary Share on 1
July 2005. Following this purchase Christopher Moore is beneficially interested
in 4,868,000 Ordinary Shares representing 2.53 per cent. of the current issued
share capital of the Company and Juergen Heck ceases to have a notifiable
interest in the current issued share capital of the Company.
The Company has also on 30 June and 1 July 2005 been informed that two other
directors, respectively Geoffrey Forster and Richard Thompson have on those
dates purchased 3,000 and 8,800 Ordinary Shares at a price of 110.48p and 110p
per Ordinary Share.
Following these purchases Geoffrey Forster is beneficially interested in 23,000
Ordinary Shares representing 0.01 per cent. of the current issued share capital
of the Company and Richard Thompson is beneficially interested in 35,150
Ordinary Shares representing 0.18 per cent of the current issued share capital.
1 July 2005
This information is provided by RNS
The company news service from the London Stock Exchange
For more information and to contact AFX: www.afxnews.com and
|Moving up, just 3p from a breakout.
Torex moving up - just 11p from a breakout.
TRX trading statement due any day if they do the same as last year - should take both into new and uncharted territory imo
|ank up another 19 on bid talks.. bet you a dime to a dollar, trx are at it again.. will be another perfect synergistic fit if so.. Loosemore and moore are the best combination since saint and greavsy..|
|ank up very heavily on large volume.. something is a foot....|
|Post removed by ADVFN|
|Hope they avoid gloating over the XNC acquisition.|
|TRX trading statement was 5th July last year - I make that next Tues if it falls on the same date this year.
|A quick 10% to be made here.|
Thank you very much for your reply. Sorry you are not holding XNC still, but I am sure you are doing well in whatever other company you invested the proceeds! Not sure I have the doubt you do re: management, but then who knows these days?
Hope you do decide to buy into TRX some time, I think it should be quite interesting. Your last sentence sums it up really!|
|Hello Lauders. Yep, still read but don't hold. Doubled and quit around this price before it went into freefall to 220p. Always intended to buy back but never did. I think CR and Diogenes have said it all - daylight robbery IMO and theirs but TRX should be in a pretty strong position, particularly after the contract wins and acquisitions announced since the bid was made public.
I have one niggling doubt now about why the deal was so attractive when XNC looked cheap in its own right - probably up to 350p. Even UK Analist reckoned around 311p was fair value. That probably makes the management a negative in my eyes but it's easy to say when one has no position. I have to admit, though, TRX is on the watchlist and I reckon CR may well be right in his hunch about a nice trading statement. How can they go wrong really?|