What do about RBW shares?

[webster_1]

I hold a couple 100 RBW shares (bought 2 weeks ago). In two minds re: selling / keeping in light of current Remgro activities. Any suggestions?

[#2]

one of the fund managers is telling shareholders to reject the offer as its too low. so you could hold and even if the offer gets accepted you score a nice fat dividend unless you know you can make more with that cash in the mean time

[webster_1]

Will sleep on it. Quite a nice challenge. Probably safest where it is at the moment. Tomorrow - rest of week will be telling...

[shares]

Well to my mind Remgro is pretty keen on Rainbow as it already owns 62%. Rainbow isn't a bad company even if it is facing higher grain prices. I think higher grain prices are already factored in. In fact I was about to pick up about R10k worth after it dropped 20% over a few weeks and the dividend yield rose above 5%. The fundamentals look good too and I reckon Remgro would be getting a heck of a sweet deal at the current offer price. See my posting on the Remgro forum about this.

[#5]

Im doing the same with my SHP share since in such a volitile market its probably safest where it is at the moment. Sold my RBW though cause I didnt expect anyone to think the offer was too low.

[GL]

I also own some of these. Personally, if the deal goes through I'm swopping my RBW for REM. In your case though I would wait for the deal to go through and take the cash. OMO

[webster_1]

Thanks. I will probably sell 50-60% this week and let the other get converted.