ARM Holdings Share Discussion Threads

[togglebrush] 22/8/2016 14:46

Re Gengulphus
22 Aug'16 - 12:12 - 2109 of 2109
'
Many Thanks for that which I had missed

[gengulphus] 22/8/2016 12:12

From my notes: Dividend XD 08 Sep Paid 10 Oct

I believe that only applies if the takeover doesn't happen, because the Scheme Circular says (with some reformatting to make it fit this post):

EXPECTED TIMETABLE OF PRINCIPAL EVENTS...The following dates are indicative only and subject to change; please see note (4)below...Record date (for ARM Shareholders) 6.00 p.m. on 2 September 2016for the Dividend...Effective Date of the Scheme 5.00 p.m. (New York time) on 2 September 20165 September 2016...Payment date for the Dividend Within 7 Business Days of the Effective Date


Gengulphus

[duncan doughnut] 21/8/2016 16:38

As a long term holder of ARM I will shortly have a lot of cash to invest elsewhere. I expect there's some 'Arm' style growth in some of the oilers here, which is where my money will go.

[togglebrush] 21/8/2016 14:37

PRESS
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‘
Extract.
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The firm is set to receive backing from most investors on Thursday. The decision will be announced at a meeting the following Tuesday and shares in the FTSE 100 firm will be suspended from trading later the same week.
‘
The deal is expected to complete after Softbank smoothed concerns about the future of ARM in the UK.
;
From my notes: Dividend XD 08 Sep Paid 10 Oct

[grannyboy] 22/7/2016 13:24

Already cashed in here and put the proceeds into IQE..

[megsta] 22/7/2016 09:57

cash in your ARM.L and invest profits in IQE.L

[nil pd] 20/7/2016 14:07

Erogenous Jones.

Oh, I know how they work all right! I came close to accepting a job in one of these outfits a couple of decades ago.

Brokers' views are pretty meaningless for the PI/"domestics", given the process, although a lot of PIs place considerable store by the "target prices" they post. And with all that research going into the note, wouldn't you think Deutsche would revise the price (or pull the note) rather than post it on the date in question?

Seems to have been no difficulty for Peel Hunt, Kepler Cheuvreux and Citigroup ... or did you miss the point I was making? Which was a touch light-hearted anyway. It's trivial but the optics point to Deutsche being a little dim.

I'm much more interested in the bid and the market price being below bid price and what that indicates. You know the dynamics.

[paragraph deleted]

Only three months here with ARM. Nice profit but feeling a little sad for reasons others have voiced in one-liners.

Peace.

[gain] 20/7/2016 11:10

Should be protected just as the yanks do with their seed corn

[nerdlinger] 20/7/2016 08:37

Maverick didn't bet anything on the price coming down, disclosed short position reduced to 0.06% from 1.21% on Monday. Ouch hahaha.

[nil pd] 20/7/2016 05:02

By the way,

Heads need examining at Deutsche Bank. Today (19 July) they posted an updated note on ARM...at 1,150p. Derrr.

Their neighbours in love and war at Peel Hunt, Kepler Cheuvreux and Citigroup didn't need much encouraging to post their updates at - surprise, surprise - 1,700p. Peel Hunt doing theirs on 18 July.

See it here:

[nil pd] 20/7/2016 04:33

Mr Market always says what he thinks or indeed what he knows. If Mr Market expects a counter bid (the proverbial "white knight"), he will price the bid-for stock above the initial offer.

Mr Market has not priced ARM above the offer currently on the table. Ergo, right now, with this moment's information to hand, Mr Market does not expect a counter offer.

Very nice paper profit so far. I'm very pleased with my investment. I'm not planning to sell in the market.

Yet.

[tudes100] 20/7/2016 01:10

Interesting to see in that Guardian article that they suggest the possibility of other bidders is a serious possibility -

Neil Campling, an analyst at Northern Trust Capital Markets, said Apple, Intel, Qualcomm, Microsoft and Google could emerge as rival bidders for ARM. “Softbank themselves did a poor job explaining the rationale on the conference call in our view and it seems to have been an opportunistic strike.


“ARM is an awesome asset we think and, if they execute and keep the culture as promised then, in 10 years time it may look to be a masterstroke. But short term is a different matter.

“The other thing is: there is no break-up fee, no lock in. ARM has opened the doors to a counter in our view. And the more we think about it the more likely and sensible it is for others to run the rule over this.”

[brx7] 19/7/2016 19:35

Cant this going through considering state of Softbank debt.

[montyhedge] 19/7/2016 17:06

Market pricing this, as doubts creep in should be over 1700p surely.

[qantas] 19/7/2016 09:05

So good to see shorters getting it so wrong.

hxxp://blogs.wsj.com/moneybeat/2016/07/18/softbanks-bid-for-arm-holdings-puts-the-squeeze-on-short-sellers/

[nerdlinger] 19/7/2016 08:16

I got my sums wrong , Maverick only lost £85million yesterday :)

[tr65] 19/7/2016 07:50

It's analysts who are pretending they're psychic, not us.

[bonio10000] 19/7/2016 07:32

Don;t talk rubbish.

Softbank down 10% which suggests the markets view of who is getting the better part of the deal.

i'm sure the bid was done and wrapped up in a few weeks ffs.