Tsb Bnk Grp Share Discussion Threads

[mikemichael2] 12/3/2015 12:16

My heart bleeds for all the poor shorters caught out here.

[leadersoffice] 12/3/2015 11:43

Agreed.

Hold firm on this one.

[redartbmud] 12/3/2015 11:37

ricky

I would have thought hang on. Board is behind the bid. If you do get +5% shares and the full £3.40 what's to lose?


red

[rickyvader999] 12/3/2015 11:27

I'm am the same. Sell now or hang out till the bonus shares and buy out. Unusual for me to have a good dilemma in my portfolio

[waveneygnome] 12/3/2015 11:25

hjs - if you bought in the IPO, and hold the shares for 1 yr, then you get 1 free share for every 20 you hold.........this was a kind of loyalty gift in the absence of any dividend for a couple of years. (max no. of free shares limited to £2000)

[leadersoffice] 12/3/2015 11:23

You are only entitled to the free shares if you bought at the time of the share offer.

[careful] 12/3/2015 11:13

but it is all in the price.
everyone knows that.

[hjs] 12/3/2015 10:30

Thanks Loldemort. I did not know anything about the free shares? Can you elobrate?

[loldemort] 12/3/2015 10:20

If you sell now you won't get your free shares. If you hold, you should get the monetary equivalent of whatever free shares you would have got, though whether that would be on the takeover date or in June I can't guess, though the takeover may very well drag on that long anyway.

And if you hold and the takeover fails, you'll still get your free shares.

Usually I'd say sell: it maximises your flexibility and minimises your risk; but the presence of the free shares complicates things this time. I'll probably hold.

[marmar80] 12/3/2015 10:03

Good idea careful. Join OXS now. Good entry price.

[careful] 12/3/2015 09:54

sold mine.
deal almost certain, but one in the hand.
not much upside left.

[hamblyr] 12/3/2015 09:42

Sold mine, but I need the cash for another investment. Good luck all, glad I stuck with this when I was at a loss!

[nofool] 12/3/2015 09:36

diku 25 Feb'15 - 21:27 - 185 of 198 0 0

Looking at the right header chart somebody really keeping that downtrend chart intact....

nofool 26 Feb'15 - 09:52 - 186 of 198 0 0 edit

It'll suddenly change though diku.




SEEEEEEE...!

[nofool] 12/3/2015 09:35

nofool 26 Feb'15 - 10:28 - 189 of 197 2 0 edit

Best time to Buy by the sounds of it..

Perhaps NOT in 5 years time..?




I'm no fool

[chinese investor] 12/3/2015 09:33

Let It Run Norry2 !

No Advice Intended !

[bbalanjones] 12/3/2015 09:26

Same here! Turning out to be a "best Buy' free shares still to come in June?

[norry2] 12/3/2015 09:24

Why would people not sell now at say 336p? The board say they would recommend 340p - so very little upside from current price, but a risk of deal not happening. Is there a likelihood of a counter-offer?

[chinese investor] 12/3/2015 09:16

So There Was Truth In The Rumours !
Happy To Hold !

[cwa1] 12/3/2015 09:08

Response to media speculation

The Boards of TSB and Banco de Sabadell SA ("Sabadell") note the recent media speculation. The Board of TSB confirms that it has received a preliminary proposal from Sabadell which may or may not result in a formal offer for the entire share capital of the Company.

The proposal is for 340 pence in cash per TSB share. The Board of TSB has indicated to Sabadell that it would be willing to recommend an offer at the proposed price, subject to reaching agreement on the other terms and conditions of any offer. Accordingly, the Board is in discussions with Sabadell in relation to these terms. The making of any offer for TSB by Sabadell will be subject to the completion of due diligence and Lloyds Banking Group plc agreeing to enter into an irrevocable undertaking with Sabadell in respect of its entire holding in TSB. Any transaction would also be subject to regulatory approvals.

Based on preliminary discussions, the Board of TSB believes that Sabadell could support and accelerate TSB's retail growth strategy and accelerate the expansion of TSB's presence in the SME sector. Sabadell recognises the achievement of TSB's management and employees and would continue to operate TSB as a robust competitor in the UK banking market, building on the TSB brand name.

Sabadell is a strong competitor in its home market and has developed a successful international presence in the US. Sabadell believes that the current banking industry dynamics and macro-economic environment make the UK an attractive market for future investment.

Sabadell anticipates that under its ownership, TSB would be able to further enhance its growth strategy and efficiency, benefitting from Sabadell's resources, experience gained in the Spanish banking market and SME lending as well as its track record of successful business and IT integrations. Sabadell believes that the two companies share similar values and customer commitment.

Sabadell expects to finance the transaction on a capital neutral basis for the Sabadell group and that the transaction will be broadly neutral to Sabadell earnings in the short term and enhancing to earnings in the medium term.

In accordance with Rule 2.6(a) of the Code, Sabadell is required, by not later than 5.00 p.m. on 9 April 2015, to either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code.

There can be no certainty any formal offer will be made.

Sabadell reserves the right, with the recommendation of the Board of TSB, to amend the terms of its preliminary proposal.

This announcement has been made with the consent of Sabadell

[martini] 12/3/2015 09:04

"Sky News can exclusively reveal that Banco de Sabadell‎, which would become the latest Spanish lender to establish a presence in Britain’s banking sector, is planning to make a formal offer for TSB Banking Group plc."

[careful] 12/3/2015 09:01

what happened, a huge rise today.

[johnsoho] 12/3/2015 09:00

SP just jumped 25pence and share now in auction!!! Must be news coming

[nofool] 26/2/2015 10:28

Best time to Buy by the sounds of it..

Perhaps NOT in 5 years time..?

[redartbmud] 26/2/2015 10:05

Out of sorts. Negative market sentiment.
At the back of the drawer for now.

[envirovision] 26/2/2015 09:54

slow burner, come back in 5 years time