Nothing from Barclays Wealth yet |
IWeb always the laggard! |
No not yet |
Yes, cash now in with ii |
Nothing in ii. I guess any time before midnight complies;
Latest date for despatch of cheques and crediting of CREST for cash consideration |
Anyone got their money yet? |
At the latest 26 Feb. |
Any idea when we get the proceeds. |
Last day of trading for BWNG. It's been a long and bumpy ride, from a high of 451p almost exactly ten years ago to a low of 10p in 2020. Glad it's over. |
" The Acquisition is expected to become Effective in the first quarter of 2025, subject to the satisfaction or (where applicable) waiver of all relevant conditions, including the Conditions. An expected timetable of key events relating to the Acquisition will be provided in the Scheme Document."
f |
Interesting comment in the Frasers Group RNS this morning: "At 40 pence per N Brown share, Frasers would have been a willing buyer or a willing seller."
On the one hand 40p was the price to get this done with Frasers, and on the other looks like they consider BWNG has value above that amount. |
Crafty way of avoiding IHT imho |
A result for me as I'm fully loaded here but 40p is theft IMVHO. Surprised Frasers would accept. Whatever, was an easy one for the patient value hunter. |
"The Acquisition is expected to become Effective in the first quarter of 2025, subject to the satisfaction or (where applicable) waiver of all relevant conditions, including the Conditions. An expected timetable of key events relating to the Acquisition will be provided in the Scheme Document."
The Scheme Document will be available at before 12 noon on Fri 18 Oct.
Correction: Scheme Document to be available with 28 days of the announcement. |
Early 2025 |
Do we know what the timeline looks like for the buyout? Is it normally quick? |
Thanks Jon,, |
By selling today in the market you lose 5%+ definitely. That's a very good return, given how short a time you have to wait.
It's highly unlikely the offer will be withdrawn given the circumstances. |
@gripfit: "And if you sell now, CGT lower than it might be."
Definitely not!! You will receive cash in your account, if you don't sell first in the market, in a few weeks, i.e. in the current 24-25 tax year.
So in the same tax year as a sale today in the market.
And, btw, any CGT change will be for the NEXT tax year, not the current one. |
What you may now see is a 'Judges Scientific' appearing, and mopping up several bombed out smaller good companies into any AIM wide sell off. Possibly the sort of thing that a Vin Murria type of business person could be ready for too. |
😉😉😉😉 |
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