Narrishkeit wrote: retiredcf wrote: Just to be clear, while hopeful, a Brexit deal has not yet been reached. Johnson still needs to get it approved by the British governement and at this point, it's estimated that he's about 10 votes shy of what he requires so there will be lots of arm twisting going on today prior to tomorrow's vote. It it's rejected, Johnson can either call for a general election or go back to the EU for an extension beyond 31 October. GLTA
Brexit is going to take along time to get done the pound is a little stronger than when this merger was announced but I don't see that as a major factor until its done. I doubt the pound is going to recover significantly post Brexit (maybe max 10 - 15%) nor do I see the risk of a hard brexit devaluing the currency further more than 10% either.
But really our fortune is now tied to the price of FLTR which trades quite similarly to TSGI a year or two ago. The price is hyped up, the multiple and growth is not sustainable, and the stock trades wildly on no news.
TSGI is sitting about 2$ (~10%)below the merger conversion value of FLTR.L stock at the moment which is normal for this kind of deal and won't change for quite a while. The price of FLTR.L and broad market sentiment will move both stock up and down in tandem for quite a while.
I don't expect q3 numbers to be terrible or fantastic forTSGI and if anything there will be a slight downside risk.
Right now the merger conversion price ~$28 CAD not sure its going to get better than this for TSGI bulls for quite a while.
Sorry guys but I don't see everything with rose colored glasses. I am still holding long but if someone offered me $30 I'd sell my whole position today.