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Possible Takeover For My Largest Shareholding

February 3rd, 2017 at 01:17 am

I don't really check what price the shares I have are that often - maybe a couple of times a week to ensure that they haven't massively dipped or also to see if there has been a big rise in price.

Anyway this morning I checked and they had risen a fair bit since the start of January but on the 31st there was a media release that a larger global insurance company had made an informal takeover offer. Who knows what will happen because apparently it is a rumour so far and nobody is verifying anything. However it was a media release on the stock exchange so there must be some truth to it.

These days I am more of a hold for as long as possible person so this was a bit of a shock and my initial reaction was now what? There are two reasons why I am like this: 1) at work we prepare financial reports for clients' retirement accounts and the shares that have the highest gains and income received the clients have had for many, many years and 2) it's so easy to lose money so if you find something good you should stick to it. Who knows I might change my way of thinking, but this is currently the way I think.

Apparently the offer is $15 per share which is above the current price and above the price I bought for. I wouldn't say there is a huge profit and then tax has to be paid on that also.. total outlay was $5194 and if the takeover goes ahead the sales proceeds would be $6000.

I will be watching in the next few weeks to see what happens and if I have to pick out another share to buy.. In the back of my mind I was thinking next time I want to get something more global.

In other news keeping up with this blog is so hard with my limited ipad internet access! I have 17 more days to go until the end of the billing month and my monthly data is restored. Normally during the week I would read quite a few blogs on the train but now I have to wait until I get home and quite often don't have a lot of spare time in the evenings, in between spending time with B and doing various housework items.

Spending today has been:
- descaling kit and 2 sets of coffee pods (occasional treat) $32.20
- sushi for lunch $5.60
- iTunes card $25.50 ($30 card with 15% off)
- half rockmelon, spinach & ricotta pastizzis $7
- wine $7

Yesterday I got another snowflakes to add to my yearly other sources of income spreadsheet, Priceline rewards to the value of $5.58. So far the spreadsheet total is at $48.75.

Hope you all have a lovely weekend!

2 Responses to “Possible Takeover For My Largest Shareholding”

  1. scottish girl Says:

    It sounds like you had a nice lunch. It's making me hungry Smile

  2. VS_ozgirl Says:

    Actually the spinach & ricotta pastizzis I had for dinner were better! Normally I get sushi from a traditional Japanese café and where I went today was way below their standard, looking forward to going back to the normal spot. Hope you have a great day, look out for UK pictures week 2 on the weekend Smile.

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