Smith & Nephew Share Discussion Threads

[arja] 16/6/2014 08:44

leeson 31- I just use the chart on spreadbet site IG.com after 2.30pm but SN here follows SN futures price in USA from about 11.30am I think - no chart for that I can get .

[scrapman] 13/6/2014 11:24

looks like the algos are switched off again , wonder if they have hit their target , or f there will be a surge when the US kick in , ?

[scrapman] 13/6/2014 07:40

showing as up up 2% in US , after hours , wonder what todays gonna bring here,

[scrapman] 12/6/2014 16:49

more after hours trades , almost 15% of days t/o ,

[leeson31] 10/6/2014 16:15

have ya got the USA chart arja? i can add to the thread header.... or if anyone else has it?? cheers

gap closed now.. perhaps next surge up new highs...

[arja] 10/6/2014 16:13

taken off in USA and dragging SN here along - go baby go !

[arja] 10/6/2014 14:19

all depends on lead market in USA as SN here will follow it religiously after 2.30pm. I feel that it might really recover in USA this afternoon - famous last words !!

[scrapman] 10/6/2014 12:40

things ground to a standstill at 12.26 , another breakout coming ,one way or the other

[scrapman] 10/6/2014 11:30

volumes lower again today,

comments from the fool , :

hxxp://www.fool.com/investing/general/2014/06/06/should-medtronic-buy-smith-nephew.aspx

[arja] 09/6/2014 15:02

trades at a slight discount to US price which is a tad unusual !

[arja] 09/6/2014 11:11

picking up now and might get to £10,85 level later or even higher !

[arja] 09/6/2014 10:52

closed at £10.86 in USA after recovering and disappointing it can not match it here ! might do when US futures opens at about 11.30am I think but wish i knew exact time .

[scrapman] 09/6/2014 09:11

looks like they have switched off the algos this morning , wonder if they are awaiting instructions from HQ

[scrapman] 07/6/2014 08:51

Medtronic has parked $20.5 billion outside of U.S.

Amounts to about £13.60 per share , sounds about perfect

full article:

hxxp://www.bizjournals.com/twincities/morning_roundup/2014/06/medtronic-has-parked-20-5-billion-outside-of-u-s.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+vertical_3+%28Investment+Banking+Industry+News%29

[arja] 06/6/2014 15:48

really coming off as it follows US lead but chart support at about 8800 ( about 1050p ) .

[scrapman] 06/6/2014 15:38

Bloomys summary of the medtronic chatter

[scrapman] 06/6/2014 12:32

suppose thats it for this week , bids dont come up on a Friday

[scrapman] 06/6/2014 12:11

brilliant how these algos can hold a price wherever they seem to want it,

[brahmsnliszt] 06/6/2014 11:39

Charts don't lie

[brahmsnliszt] 06/6/2014 11:39

Yep. Took profit at 1124 and 1114 yestday. Nice return on a weeks investment.

[scrapman] 06/6/2014 08:30

price dropping back , seems like the excitements over

[brahmsnliszt] 05/6/2014 14:56

Arja. Did I say I went long today.

[leeson31] 05/6/2014 12:10

"hot female doctors - weekly" - read it every week. :-)

[scrapman] 05/6/2014 11:59

From a medical devices magazine , ( didn't know there was such a thing !)


Anonymous sources tell Bloomberg that medtech titan Medtronic is looking to take over Smith & Nephew, possibly using the occasion to shift its headquarters to the U.K.
Report: Is Medtronic looking to buy Smith & Nephew?

Move over Stryker (NYSE:SYK), medtech titan Medtronic (NYSE:MDT) may swoop in to claim orthopedics giant Smith & Nephew (FTSE:SN, NYSE:SNN) for itself, according to rumors circulation on The Street.

Citing anonymous sources, Bloomberg reported today that Medtronic has is considering making a move and that the company may further use the buyout as an excuse to shift its corporate headquarters to the U.K. to take advantage of more favorable tax rates. The potential deal is still in very early talks, the sources said.
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The news sent both companies' shares up today, with MDT shares trading 3.6% higher at $63.20 and SNN shares up 13.6% to $98.60 as of about 2:50 p.m. EST.

Stryker confirmed late last month that the company had also been taking a look at Smith & Nephew as a potential acquisition, with analysts estimating that a deal may be worth as much as $19 billion.

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$19 bil would give around £12.90 I estimate ,

allowing the start of this climb at around £9.50 , and an average takeover premium of 30 35 % it sounds pretty feasible to me