Csr Share Discussion Threads

[jontyone] 11/10/2014 16:48

From JMF's link:
CSR dropped 6.3 per cent to 671p on fears that Microchip will now abandon plans to bid for the UK chipmaker. Having last month had an offer rejected, Microchip has until Wednesday to make another proposal or walk away.

“Given management’s view that the current slowdown is likely to be a short-term issue, we would think that if an acquisition of CSR made sense last week, it should still make sense today,” Susquehanna told clients. “If a deal were to be done, we think investors would look on it favourably, since it would drive significant accretion using offshore cash.”

[ken_uk] 11/10/2014 15:04

JMF69,

The link you provided is not working as it is a pay article :-(

[ken_uk] 10/10/2014 15:43

Microchip is plunging at the same time CSR is recovering ...
:-)

[ken_uk] 10/10/2014 11:17

It means nothing for now ... deal with CSR can still be done ....

[jmf69] 10/10/2014 09:43

No takeover then by the way the share price is behaving?

[tolga1] 08/10/2014 10:54

The way the share price behaves, possibly no agreement:-(

[indianbull] 30/9/2014 14:33

Alphahunter - I hope you're right, picked some up this morning, will wait to see what the US session does for us....

[alphahunter] 30/9/2014 12:39

Whatever the outcome is, I've notived that the arbitragers / MM use the low-volume periode between ~ 11-12am and 2.00pm to push the price down, which triggers the PI's stop losses and pick-up a few shares on the cheap before reinstating the price back half-an-hour before the US / Microchip / CSR ADR opening.

[alphahunter] 30/9/2014 12:39

Whatever the outcome is, I've notived that the arbitragers / MM use the low-volume periode between ~ 11-12am and 2.00pm to push the price down, which triggers the PI's stop losses and pick-up a few shares on the cheap before reinstating the price back half-an-hour before the US / Microchip / CSR ADR opening.

[tolga1] 26/9/2014 08:00

I expect a bloodbath day today except maybe CSR

[tolga1] 26/9/2014 07:58

Good morning Ken
Which bit is interesting? Buying and selling by GS.
I don't get it, they are supposed to be advisors and at the same time they are dealing in shares of CSR, and too much jargon in those RNS

Any way I hope you can clarify the interesting bit
Thanks in advance

[ken_uk] 26/9/2014 07:43

Interesting :
[...]

[apfindley] 25/9/2014 15:49

Profits from CSR now going into GWMO the next 10 bagger news coming.

[ken_uk] 25/9/2014 14:46

The exact price offered for the business could not be ascertained but analysts at NSBO suggested it could have been as much as $2.7bn

hxxp://www.cityam.com/1411627882/csr-extends-deadline-offer-us-firm-microchip-technology

That would mean a share price at around 10-11 pounds per share.
That would be great !

[indianbull] 25/9/2014 09:40

Getting out now, probably able to get back in a lower price as nervous PIs sell out in the weeks ahead to 15 October.... If the price doesnt come down, well, its only money!

[tolga1] 25/9/2014 09:28

Takeover of 3 Billion dollars as was suggested in newspapers, that would equate to around 11 pounds per share, happy with that.
O this pleasant suspense is killing me

[jmf69] 25/9/2014 09:03

The extension implies that a potential deal is not too far away.

[tolga1] 25/9/2014 08:30

Happier 2:-)

[ken_uk] 25/9/2014 08:10

Extension well welcomed by the market :-)