New Star Asset Management Share Discussion Threads

[jamie62] 08/4/2009 09:44

New Star Asset Management - Takeover by Henderson Group


Further to previous correspondence and your subsequent instructions to accept the offer, please be advised that on 6th April 2009 the offer was declared Unconditional in all respects.

In light of this, your entitlement is expected to be credited to your portfolio around 20th April 2009.

We will advise further upon receipt of the funds.

[nicd] 04/4/2009 19:42

For any other CFD holders, IG just told me that when the offer cash comes in a couple of weeks, the long will be closed. That is fine for me, well if you dont count the huge loss inflicted by the NSAM criminals who lined their own pockets at the expense of PIs.

[frankiestheone] 30/3/2009 00:36

I was told by my broker that if i didn't wan't to sell, the shares would be very hard to trade. you may be lucky and get a better price or you may not. i brake even at 2p so i decided to take the money and move on

[asmodeus] 28/3/2009 20:56

So we meet again then, Doorway, in yet another loss-making venture! I'm holding on to my NSAM til the last knockings.

[doorway] 27/3/2009 16:38

there has to be a combined percentage that say yes to the 2p offer,if they dont get that percentage i cant see how they can just wipe out your shares...there will have to be abit of bartering i guess

[yawn1971] 25/3/2009 12:39

Terms: TAKEOVER Further to the cash offer by Henderson Group plc to acquire the entire issued and to be issued share capital of New Star. Terms: 2 pence in cash for each New Ordinary Share. As this is
a RECOMMENDED OFFER we will arrange to accept it on your behalf. If you wish to decline the offer, please
notify us in writing by letter or secure message no later than 5.00pm on 01 April 2009,

The above text is what i received via my Selftrade account (i guess you also got something similar.

When you say we either accept it or 'lose it' what exactly do you mean?
What happens to our shares if you don't accept it?
As it says it is a 'Recommended Offer'. Does anyone really know or are we all guessing? I'm pretty new to this and yes got stung also !!

Cheers ... Yawn

[ianbrewster] 13/3/2009 17:42

ohwhat

not much you can do now - when the deal goes through, you will get your 2p

[ohwhat] 13/3/2009 17:00

we either accept the 2p or loose it I guess, I am inclined not to take the offer of £38.80 default option as I am down £1963.00 in the hope that someone will not benefit from my loss.

[doorway] 13/3/2009 11:22

so what happens now with our shares

[nicd] 08/3/2009 20:31

sorry, didn't mean to multi post.

[topvest] 08/3/2009 20:25

ok, got it first time...!

[nicd] 08/3/2009 08:45

not really leverage, more like greedy directors. They borrowed a huge amount simply to pay as a dividend. They should be disqualified.

[nicd] 08/3/2009 08:45

not really leverage, more like greedy directors. They borrowed a huge amount simply to pay as a dividend. They should be disqualified.

[nicd] 08/3/2009 08:44

not really leverage, more like greedy directors. They borrowed a huge amount simply to pay as a dividend. They should be disqualified.

[nicd] 08/3/2009 08:44

not really leverage, more like greedy directors. They borrowed a huge amount simply to pay as a dividend. They should be disqualified.

[topvest] 08/3/2009 08:28

Henderson are a good fund management group. At least you have some shares in a viable group. This share was another casualty of leverage I'm afraid. There are many!

[frankiestheone] 06/3/2009 23:17

2p or not 2p..that is the question

[sprattyken] 05/3/2009 15:26

Henderson and New Star are doing some roadshows for advisers. Another fund manager leaving NS after the merger.
All over bar the whispering.

[doorway] 04/3/2009 01:18

i reckon this will come good and some in the know,know....keeping hold of mine

[sprattyken] 26/2/2009 09:58

Why does Toni keep buying these? Just cost him another £44k

[asmodeus] 18/2/2009 13:13

Which one, Spratty? Edit : Presumably you mean the one by Toni di Nonno, so no need to respond.

[sprattyken] 18/2/2009 13:08

Interesting buy again.

[sprattyken] 17/2/2009 13:42

The problem with CFDs is that you might get less than the real value if you wait until the delisting.

[steviewo] 17/2/2009 12:32

I think I'll keep hold of mine too, also in the hope that another bid comes in. Ive only got a small holding at 4p anyway.