Sophos (SOPH)
Posted: October 18th, 2019, 12:33 am
Are there any other SOPH shareholders here? A search doesn't reveal one mention of the company.
I bought them in July 2018 for about 460 after they dropped sharply following (I think) a profit warning. I was hoping they would rebound for a quick profit, but although they did a bit I was greedy and held on for more, only to witness them slowly sink to around 300. I put them into the `long term investment' box, and by last week they'd made a gradual recovery to around 425, so I was reasonably happy.
But on Monday an agreed bid at around 583 was received, which was very gratifying. The decision I now face is whether to sell in the market or not. I'm always conscious in such situations of the possibility of a rival bid, but this one seems pretty sewn up, and it's noticeable that the price hasn't moved above the offer price, so a rival bid seems to be completely discounted by the market. In fact, as the bid is in dollars, the price has dropped back slightly, due to the Brexit bounce in sterling.
So I'm more or less decided to sell (though hoping that sterling will weaken again for a while before doing so) but I just wondered if any other LF's were SOPH holders, and, if so, what they were doing.
I bought them in July 2018 for about 460 after they dropped sharply following (I think) a profit warning. I was hoping they would rebound for a quick profit, but although they did a bit I was greedy and held on for more, only to witness them slowly sink to around 300. I put them into the `long term investment' box, and by last week they'd made a gradual recovery to around 425, so I was reasonably happy.
But on Monday an agreed bid at around 583 was received, which was very gratifying. The decision I now face is whether to sell in the market or not. I'm always conscious in such situations of the possibility of a rival bid, but this one seems pretty sewn up, and it's noticeable that the price hasn't moved above the offer price, so a rival bid seems to be completely discounted by the market. In fact, as the bid is in dollars, the price has dropped back slightly, due to the Brexit bounce in sterling.
So I'm more or less decided to sell (though hoping that sterling will weaken again for a while before doing so) but I just wondered if any other LF's were SOPH holders, and, if so, what they were doing.