Jump to content

Take over


Guest JustLearning

Recommended Posts

Guest JustLearning

I started investing in December 2017, I am lucky enough to have one free carry and if I get what I think may occur , my massive (lol) portfolio of 3 lots of company shares will be all free carry.

My question is this to the community. One of my picks has gone into a trading halt with speculation it is a take over.

When a take over offer occurs how do you accept it, if it is acceptable,  using the IG Trading platform.

 

Thanks for your help

Link to comment

Put simply any corporate action which occurs in the underlying market will be replicated appropriately on the IG platform. For example, if there is a take over and a cash settlement the position will be closed at the settlement price. If there is a stock issue, then the terms of the issue will be reflected. I hope this clarifies things? 

Link to comment
  • 11 months later...
Guest Jakeds

Hi

I am trying to understand something similar. 

I recently bought 21 st Century Fox Share and was hoping to execute trade such that it settled before the Disney Fox Merger. However my trade was a day late and settlement on a T+2 basis would have only occurred the day after the official close of the Merger. 

All reports have indicated that the corporate action has taken place and the merger has closed with "new fox" actively trading. My portfolio still shows my holding as 21 st Century Fox which is in a trading halt (and won't be traded any further due to the merger). Which leaves me in a unique position as I don't believe settlement has occurred. 

Would be great to hear if anyone knows what happens in this situation.

 

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      21,180
    • Total Posts
      90,704
    • Total Members
      41,294
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    vlloyd
    Joined 30/01/23 00:00
  • Posts

    • Maximize Your Stock Market Returns: Latest News on SP500, Top Tech Stocks with Elliott Wave Analysis and Trading Strategies Stay Ahead of the Stock Market with the Latest News and Analysis on SP500, Top Tech Stocks, US ETF Sectors and Trading Strategies. Get up-to-date insights on the bullish weekly cycle, Elliott wave analysis and profitable trading opportunities in the finance sector with top companies like Apple, Tesla, Amazon, Microsoft, JPMorgan and more. Stock Market Content: SP500, AAPL, AMZN, NVDA, TSLA, GOOGL, BRK.B, SQ, META, NFLX, ENPH, MSFT, BAC, JPM. US ETF Sectors. Elliott Wave Analysis US Stocks News: Apple (AAPL),Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Berkshire Hathaway (BRK/B), Block, Inc (SQ), Meta Platforms, Netflix (NFLX), Enphase (ENPH), Alphabet GOOGL. XFL Finance Sector ETF, JPMorgan JPM & Bank of America BAC, Goldman Sachs Group Inc (GS) Stock Market Summary TradingLounge Bullish Weekly Cycle in play, Bullish Monday Profit Taking Tuesday Elliott Wave Analysis: (iii) of iii) of 3 Trading Strategies: Long Video Chapters 00:00 SP500 04:45 Apple (AAPL) 08:01 Amazon (AMZN) 11:00 NVIDIA (NVDA) 11:34 Meta Platforms (META) 17:47 Netflix (NFLX)  18:59 Enphase (ENPH) 22:04 Tesla (TSLA) 24:06 Alphabet (GOOGL)  29:16 Microsoft (MSFT) 34:52 Berkshire Hathaway (BRK.B) 35:56 Block Inc. (SQ)  37:28 Bank of America BAC 25:22 TRIAL Buy 1 Month Get 3 Months  Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com  
    • Does anybody know the BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) equivalent with a GBP currency hedge? I want the interest yield but I don't want the currency risk.
    • Capital, win loss ratio. If you have a trading edge and you can consistently win 50% of your trades, so your winning 5 trades out of 10. So if your risking 1% of your capital per trade, out of your 10 trades 5 would be losers, so that’s 5% loss and realistically out of the 5 winning trades, some would make small profits, some break even and 1, 2 or 3 could run nicely IF you can let your profits run, basically your making money out of 2 trades out of the 10 trades (80/20 Rule Pareto principle) So a $20,000 acct risking 1% is $200 per trade, this will keep the trader with his trade risk based on being able to win 50% of his trades. A long term trend trader can win with 30% wining trade. Basically you need to know your numbers. Rgds Pete
×
×
  • Create New...