Wincanton Share Discussion Threads

[chrisb1103] 25/4/2024 12:54

All done and dusted today. Cancellation on 30th April.Big shareholder payouts to follow :)

[baddeal] 08/3/2024 20:00

According to note I received from equiniti offer is now 610. Have I missed something I thought it was 605?

[binghall] 06/3/2024 11:11

The RNS this morning sets out the expected timetable, looking at mid-Q2 for completion but no definite date yet.

[lambeater] 06/3/2024 01:12

You make a good point re the competitions authority. When is the payment date? With interest rates at >4pc that is also a factor, as is broker's commission and stamp duty. It's all in the price of course but you're right, with that element of doubt it's probably not worth looking at.

[binghall] 05/3/2024 13:57

Can't see any RNS, but have just read on Sharecast that CEVA have said that their offer will not be increased. A done-deal by the looks of it.

[binghall] 05/3/2024 13:48

It's certainly a drop in price that gives credibility to that idea. My one concern is that if GXO are the eventual winners, then the Competitions Authority may look at the deal which may affect the market price in the short term.

[lambeater] 05/3/2024 11:42

At 597 the price looks cheap. I sold at over 618 on the basis there would not be a higher bid than 605. Now could buy back at 597 and make a guaranteed 8p. Any thoughts?

[binghall] 05/3/2024 11:14

I guess todays price action means that the 'market' is suggesting no increased counter-offer? I can't see anything specific in any RNS news.

[pj84] 01/3/2024 18:06

I sold the remaining 25% of my original holding yesterday at 608.5 thinking it was unlikely to get above 695 but on reflection that may have been too hasty as the market clearly is expecting a counter offer and if for example another bid at say 650p comes in and is backed by the board then the irrevocable offers would become fairly meaningless as they only represented 7% of the shares. Good luck all remaining holders. I am very happy with my gains on this share and it's a shame another good UK business will end up in foreign ownership.

[chrisb1103] 29/2/2024 16:23

Hmmm have they got to top 695 to reverse those irrevocable undertakings... I'm already planning an expensive holiday :) :)

[baddeal] 29/2/2024 16:18

Looks like mkt thinks there is more to come :)

[baddeal] 29/2/2024 11:25

Can't see the French going higher but you never know.

[bisiboy] 29/2/2024 10:47

is there a short squeeze or do some people think a further revised offer might be coming?

[baddeal] 29/2/2024 10:41

Agreed this is the third overseas offer on my portfolio in last 3 months

[kinwah] 29/2/2024 10:19

The reason for these undervaluations is the withdrawal from UK equities by our pension funds. Many investment firms find themselves forced sellers as they are told to switch to bonds and structured products. That leads to poor performance which then triggers more switching. Personal wealth is mainly tied up in property rather than in shares. I think the UK is doomed to continue its decline. That said we have many good companies with strong market positions and technology which will attract foreign buyers. OXIG is a good example. RWI is likely to get another offer. ESNT looks unloved. There are plenty of suitable bid candidates around.

[s34icknote] 29/2/2024 09:37

Well done all for hanging in !!!This went 180 to 400 back to 180 and now 600p ! Am well gel !But shows just how undervalued a lot of our stocks are in the uk market !!!!!!!!!!!!!!!

[baddeal] 29/2/2024 09:31

That's more like it :)

[kinwah] 29/2/2024 08:49

Wow I wasn't expecting that this morning. 605p is a much better offer. Some risk of a CMA problem but the industry is still fragmented and there should be ways to satisfy the CMA by a depot disposal if necessary. Good start to Thursday.

[micktravers] 29/2/2024 08:44

Starting with a 6. That's more like it. Still cheap but some you Win....... It will get my vote.

[kinwah] 27/2/2024 14:21

The volume has eased off considerably today. I've sold a few more CFDs over £5 but I am keeping my main holding intact for now. It looks as if the arbitrage players are sitting on the sidelines at this level. WIN were 505p bid for about 10,000 shares at the peak. At 505p there would be about 30p short-term downside if GXO decides not to bid versus potentially 20p upside with a GXO offer or 45p plus upside with a bid battle and CEVA increasing their offer again.

[baddeal] 26/2/2024 16:59

Well gxo need to move fast and decisively if they want the business.Happy to take the 480 but will be holding in case they move in which case should be around 525 imo.

[jeff h] 26/2/2024 16:26

We all have our own strategies and views on what to do in bid situations PJ84, sometimes they work out for us, sometimes not but we all benefit from the initial big jump in the share price when a bid is announced.

The GXO bid interest been confirmed now:-

[pj84] 26/2/2024 15:34

Thanks for the link and well done for holding on to all of yours. I have decided to sell half of my remaining holding to lock in the current price being more than 20p over the revised bid and I will hold the balance to benefit from any higher bid that might be received.