Professional punters on both sides of the Atlantic are still hooked on drugs. As artificial hips and knees maker Smith & Nephew crawled 11p higher to 1142p on prevailing hopes US rival Stryker could yet launch a £15-a-share cash offer, nosey buyers were sniffing around US biotech company Insmed amid rumours several major pharma groups have it at the top of their shopping list.
Shares in the New Jersey-based company traded $0.27 higher at $18.69 in early trade yesterday on talk of a possible cash offer north of $40 a share. Roche, Merck and the UK’s AstraZeneca, 8p off at 4423.5p, were all tipped as being interested and each one could buy Insmed with loose change.
Bid speculation intensified this week when Insmed shares experienced unusually high volume in one hectic session. More than 650,000 shares changed hands against a normal daily average of 400,000. It led leaders to surmise that a predator could be stakebuilding before launching a knock-out bid.
Read more: http://www.thisismoney.co.uk/money/markets/article-2979926/MARKET-REPORT-Footsie-climbs-professional-punters-sides-Atlantic-eye-pharma-opportunities.html#ixzz3TSYaaP64
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p= english pence
ADR = 10 UK shares
VOD pays 2 divs a year
Total = 11.07
so ADR div is 11.07p times 10 = Pounds 1.107
in $ this 1.107 * 1,57 (ex rate) = $1.738
(just says 2 div, what was the last times two - duh)
Yahoo can not add only multipy - so it is twice the last! Vod pays
03/2014 Final 20-May-14 11-Jun-14 06-Aug-14 7.47p Total Dividends 11.07p
03/2015 Interim 11-Nov-14 20-Nov-14 04-Feb-15 3.6p
so it shows 2 * 3,6 * 10 = 72 p * ex rate = 1.1
as for the first poster (volkland) the pound has slipped from 1.7 to 1.57 hence the decline....
"£4 billion to shareholders via a B-share " 4bn/ 4,8 shares = .83p/share - each adr is 2 shares 0r gbp 1.66 = $2,66
the only reason was buyers ahead of the IPO bgt Softbk as a proxy then sold today to buy BABA direct, silly as they left all the value on the table