Shire Share Discussion Threads

[toffeeman] 25/4/2018 08:06

It reflects the expectation that no other bidder will enter and that Tak will drop the price after DD

[ruethewhirl] 25/4/2018 08:05

Opening a little poor IMHO - current share price still 25% odd below the offer equiv in sterling?

Surely does not reflect reality.

[seaking1] 25/4/2018 08:04

Shire confirm merger. Price is 49 pounds. Get in now as it’s 40 at the moment. Anyone selling below 49 is either in financial strife or mad. Good luck.

[montyhedge] 25/4/2018 08:04

Takeda shareholders won't be happy with their share price taking a hit.

[podgyted] 25/4/2018 08:04

I presume the big funds have already been sounded-out.

[steeplejack] 25/4/2018 08:03

Yes,I reckon 44 pounds is a sensible price but the market hasn't been very sensible in pricing this company for awhile now.

[dealy] 25/4/2018 08:02

Unbelievable pessimism and caution

[montyhedge] 25/4/2018 08:01

No, still not a done deal, got to be voted on. Big funds hold the key.

[ruethewhirl] 25/4/2018 07:59

4400 open... any other takers?

[samdb] 25/4/2018 07:58

I think 4300 will be the top for now.

[steeplejack] 25/4/2018 07:51

"If people bemoan that Takeda have got a bargain at this price, it is the fault of the SHP bod, no-one else."I'm not sure I agree with that.The industry,represented by Takeda,considers that Shire are worth,in current circumstances,around 49 pounds a share.Recently,the board of Shire were openly stating that they were bemused at the collapse in their share price.Most analysts,of course,as the share price fell,simply trimmed their share price targets which had been well over 50 pounds a year ago.You could argue that the Shire management failed to market themselves effectively to investors I suppose.Yet,it is impossible to avoid the thought that the City/Wall St,both failed to evaluate the shares correctly.That Takeda should pay a takeover premium of two thirds to a recent three year low in Shires share price,suggest that fund managers and commentators alike,were incompetent in correctly valuing Shire shares.

[demo trader] 25/4/2018 07:34

Takeda closed at 4511p

Based on Takeda's share price of Yen4,923 and the exchange rates of GBP:Yen of 1:151.51 and GBP:US$ of 1:1.3945 as at the close of business on April 23, 2018, the Revised Proposal implies an equivalent value of approximately GBP49 per Shire ordinary share, comprising the equivalent of:

-- GBP27.26 in new Takeda shares; and
-- GBP21.75 in cash.





Breakdown-

[billytkid2] 25/4/2018 07:19

Nicely balanced for others to bid though. Doesnt appear to be a financial penalty as talks still ongoing. However, rivals will see deal is close and they would need to make a counter before May 8th.

[billytkid2] 25/4/2018 07:16

Given Takeda share drop that makes deal worth £46.75 currently rather than £49 so gives an indication of what a difference a move in Takeda makes.

[montyhedge] 25/4/2018 07:09

They are getting Shire cheap, forward p.e 12. It all depends are the big funds happy with the price.

[pete160] 25/4/2018 07:04

For those who are complaining, under the new offer (admittedly not yet paid) but we get £ 21.75 in cash. No so long ago SHP was trading at £ 29 (and still the bod did nothing for shareholder returns).
With Takeda shares then, for not much risk I am therefore getting all of Shp's potential upside as well as Takeda's story as well and Takeda will be able to massively reduce the cost of the SHP borrowing either through lower japanese rates or from splitting or selling off the bits of SHP that SHP should have done.

As for those who complain about US listed shares, the majority of significant holders, ie. not private investors, this really will not be an issue. How much of SHP is currently held be US investors anyway ? quite a bit.

If people bemoan that Takeda have got a bargain at this price, it is the fault of the SHP bod, no-one else.

rant over :-)

[billytkid2] 25/4/2018 07:02

What share price / value level will the Takeda shares have? Historic prices or now?

[montyhedge] 25/4/2018 06:53

Great, just up to the big boys to vote yes.

[samdb] 25/4/2018 06:21

Takeda only down 6% now, making the deal worth around £47.40

[suffersnofools] 25/4/2018 02:30

So Takeda share price down and 8th May deadline - what price tomorrow - £44?

[brain smiley] 25/4/2018 02:24

Takeda shares fall 8 %..

[scothernman] 25/4/2018 01:21

Dublin-based Shire, a member of Britain's benchmark FTSE 100 stock index, said Takeda's fifth offer was worth 49.01 pounds per share, comprised of the equivalent of 27.26 pounds per share in new Takeda shares and 21.75 pounds per share in cash. Under these terms, Shire shareholders would own half of the combined company.