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Pershing Square Holdings (PSH)
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Big boy
Posted: 25 May 2021 15:24:01(UTC)
#52

Joined: 20/01/2015(UTC)
Posts: 6,676
Bob Welton;171410 wrote:
PSH Investor Call Live now. - https://centurylink.cweb...-4eec-a7a7-dedfbf3afe56
Replay should be up later.



Do we BUY/SELL or hold???
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Bob Welton
Posted: 25 May 2021 15:45:17(UTC)
#53

Joined: 05/08/2019(UTC)
Posts: 38
The Investor Call provided Business Updates on all the holdings but no new news on PSTH (the SPAC).

- PSTH is still working on the deal for an acquisition (TBC) and hopefully this will be anounced in weeks (sugested 2 weeks), but if that does not complete then they will move on to a next target....

i.e. No new exciting news.....
I'm, HOLDING...
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Big boy
Posted: 25 May 2021 16:30:26(UTC)
#54

Joined: 20/01/2015(UTC)
Posts: 6,676
Bob Welton;171416 wrote:
The Investor Call provided Business Updates on all the holdings but no new news on PSTH (the SPAC).

- PSTH is still working on the deal for an acquisition (TBC) and hopefully this will be anounced in weeks (sugested 2 weeks), but if that does not complete then they will move on to a next target....

i.e. No new exciting news.....
I'm, HOLDING...



Thank you I am a holder.... My SPAC look alike is SIGC (100% CASH) standing on 25% discount rather than a Premium which most SPACs stand on. . . At this level they look like a win-win.
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Tim D on 25/05/2021(UTC)
Robin
Posted: 03 June 2021 22:01:32(UTC)
#55

Joined: 06/07/2009(UTC)
Posts: 1,281

Thanks: 5343 times
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Bob Welton on 04/06/2021(UTC)
Bob Welton
Posted: 04 June 2021 04:44:10(UTC)
#56

Joined: 05/08/2019(UTC)
Posts: 38
Robin;172402 wrote:
Universal Music Group?

https://www.wsj.com/arti...music-group-11622756897


Not quite as exciting as Bloomberg, but the UMG deal is all over the news feeds at the mo. Unfortunately PTSH dropped in aftermarket trading on the news.
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Raj K
Posted: 04 June 2021 16:22:31(UTC)
#57

Joined: 22/04/2016(UTC)
Posts: 2,818

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Does anyone understand the detail of this deal. Seems like its not a merger but just a purchase of shares in UMG which will be listed through normal procedure on Euronext. The warrants which PSH were eligible for are not available for this deal. A second company with balance of capital left after UMG purchase will still look for a target but it won’t be a SPAC. A third company called a SPARC will give PSTH holders the right to buy shares in another future acquisition at NAV price. Head scratching for sure.
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Robin on 04/06/2021(UTC)
Big boy
Posted: 04 June 2021 20:55:07(UTC)
#58

Joined: 20/01/2015(UTC)
Posts: 6,676
Raj K;172491 wrote:
Does anyone understand the detail of this deal. Seems like its not a merger but just a purchase of shares in UMG which will be listed through normal procedure on Euronext. The warrants which PSH were eligible for are not available for this deal. A second company with balance of capital left after UMG purchase will still look for a target but it won’t be a SPAC. A third company called a SPARC will give PSTH holders the right to buy shares in another future acquisition at NAV price. Head scratching for sure.



I just buy PSH as others are willing to sell me stock at a nice discount... I don’t go into detail as I can’t add any value....keeping it simple seems to pay. The risk reward is with us...
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Raj K on 04/06/2021(UTC), Robin on 04/06/2021(UTC)
Mr GL
Posted: 04 June 2021 21:02:56(UTC)
#59

Joined: 18/10/2020(UTC)
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It seems complicated - but assuming Ackman knows what he is doing it should be a positive risk/reward scenario for PSH... and as BB kind of says you have a hell of a discount to provide some comfort.
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Big boy on 04/06/2021(UTC), Raj K on 04/06/2021(UTC), Robin on 04/06/2021(UTC)
Robin
Posted: 09 June 2021 08:37:36(UTC)
#60

Joined: 06/07/2009(UTC)
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This article may be of interest re the recent announcement

https://yetanothervalueb...he-ridiculously-complex

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Mr GL on 09/06/2021(UTC), Old Jock on 09/06/2021(UTC)
Old Jock
Posted: 09 June 2021 10:19:38(UTC)
#61

Joined: 04/06/2018(UTC)
Posts: 382

Thanks: 564 times
Was thanked: 1157 time(s) in 313 post(s)
Robin, thanks for the link, I've been wondering where I could get some kind of decent explanation of pros and cons of this deal.

I find it reassuring that Ackman was sitting on a giant pile of cash for so long, and resisted the temptation to splurge it too early on a low quality company.

He does seem to have a reasonable record of timing his bets, and I think I still back his judgement for the long term.
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Robin on 09/06/2021(UTC), what me worry? on 09/06/2021(UTC)
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