Shawbrook Share Discussion Threads

[cc2014] 19/6/2017 21:25

Share price will hold at 340 for sure.

I've moved on now. Appears it was a game of bluff and double bluff all along looking at the 75.6%. It appears most think the offer was supporting the share price.

I've moved on now. Stuck some on ALD and some on PCF.

[polar fox] 19/6/2017 20:44

I'm only a fixed rate depositor with SHAW and started pulling the maturing deposits out in April. Next one in August....

Given that the bank will now be delisted, I want nothing more to do with these people!

[dendria] 19/6/2017 17:42

Today's RNS...'Therefore, the total number of Shawbrook Shares which Marlin Bidco may count towards the satisfaction of the Acceptance Condition is 189,374,700 Shawbrook Shares (representing approximately 75.6 per cent. of the existing issued ordinary share capital of Shawbrook).'

So they have 75.6%? Not what I was expecting. I may as well sell out now.

[cc2014] 17/6/2017 07:32

I watch with interest now. It is my view that if the 340p doesn't succeed the share price will fall by around by around 10%, so I've sold out.

Tbh I hope they don't succeed. Pollen have just messed around with this and Lindsay McMurray has something to answer for here. 340p wasn't enough and clearly wasn't enough for the last 6 weeks. All that's happened is both parties have each spent over £10m on this reducing the net assets of Shawbrook for the shareholders.

What will Pollen do if they fail. They can't bid for another year and will be invested in a company they aren't happy with the management. Will they hold on for another year? Will they begin to start selling their stake? Will Lindsay McMurray get kicked off the Board permanently?

[dendria] 16/6/2017 16:23

Looks like Pollen currently have 46.6% plus another 0.2% in letters of intent. Doesn't seem likely they're going to do it.

[cc2014] 16/6/2017 10:28

Pollen aren't allowed to purchase in market.

I've sold out this morning for just over 339.5 I'm happy enough. I'm not sure if Pollen are going to make it or not but I don't want to risk the price falling if it doesn't go through.

Lost of opportunities to put my money elsewhere

[milly85] 15/6/2017 18:16

Question Can Pollen purchase in the market at 340?

[cc2014] 15/6/2017 15:50

Can't blame you for selling.

I sold 30% most of which went on ALD.

I am struggling to decided what to do with the rest. I see the 100k went through in the closing auction at 340 which puzzles me. Really really puzzles me.

[future financier] 13/6/2017 12:03

Sold and moved to OSB

[cc2014] 13/6/2017 11:55

I can sell now at 339.
If Pollen don't get 50% I think the price will fall to 300
Chance of another bid from elsewhere seems very remote

If Pollen get enough that company remains listed I think the price will fall to maybe 315.

So, I'm struggling to see why I might as well not sell now.

[dendria] 08/6/2017 11:13

I'm sure the share price will fall if the offer fails. I currently hold in an ISA but I have cash building up in a pension account. If the share price falls significantly, I'll buy for my pension. I'm not selling but everyone has their own position - selling down a portion is probably a reasonable plan.

[cc2014] 08/6/2017 09:14

I'm pretty confused about what to do.

I am fairly sure if the offer doesn't go through at 340, the share price will fall.

On the other hand there appears to be a raft of trades going through at around 338.5 which presumably is people buying shares who are happy to make 1.5p. All these people are going to vote for the offer and I think there will be enough of them to get the offer through at 340.

I really don't know what to do. In normal circumstances I'd just let this play out, take the 340 for a little extra return on my investment and avoid the dealing charges on selling.

I don't see much likely hood of an alternative bid

I sold about 15% of my holding yesterday. I have no idea whether that was the right or wrong thing to do.

[future financier] 05/6/2017 13:24

Mr Market seems to think it is a done deal?

[dendria] 05/6/2017 11:21

A rather underwhelming increase in the offer price. Still doesn't do much for me. They should have gone for a knock-out bid of 400 from the outset, even 365 might have done it.

[cc2014] 05/6/2017 07:33

I don't understand the rationale behind the bid.If 330 wouldn't get it over the line then 340 is unlikely to.I think 365-375 would have done it

[future financier] 05/6/2017 07:09

Pathetic - 365 was my target.

[cc2014] 05/6/2017 06:41

It would be helpful if they bothered to fill in the offer price. About 342p including the dividend.Not what I was looking for

[future financier] 03/6/2017 12:14

Or extend a week to ensure no nasty surprises in election and then increase.

[cc2014] 03/6/2017 07:38

Last time offer closed at 1pm Friday and we had an RNS the same day extending the offer another week

This time the offer again closed at 1pm Friday but no RNS yet. RNS required by 8am on Monday

I'm guessing BC Partners/Pollen will meet over the weekend and made a decision based on how many acceptances they now have.

I think they have three choices:
a) put in an offer at a price which succeed. Say 400p
b) put in an offer at a price which may or may not succeed and see what happens. Say 365p
c) extend for another week and wait to see what the election brings

[cc2014] 02/6/2017 12:02

Price now 14p above the offer price of 330p and the voting period closed again.

Some maths would suggest market thinks there is a 50/50 chance Pollen will offer 360p.

I'm not sure 360p is going to do it though

[cc2014] 01/6/2017 15:40

Natixis buy 6.2m swaps today at 340.8 from having no previous holding.

Price ends flat on the day, which is great considering it's 2.7p xd today

[cc2014] 01/6/2017 14:45

Ah - so belatedly I get it. Shaw is XD today and someone has held on for the dividend before selling.

[cc2014] 01/6/2017 11:13

How curious. A 2m trade just gone through at 339.2 Sector pretty weak the last couple of days. I'm assuming the trade is a sell although I guess somewhere there's a matched trade as I can't see a MM taking that on at that narrow a margin a few hours before the next vote comes in