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Sorry zebbo....just saw you posted first !
Are these interested parties waiting for the other one to name their price first I ask myself?
When selling a house. If you are in a good financial position with good earnings visibility you can afford to sit and wait for what you believe is the full market value. To the contrary should you be struggling financially you maybe inclined to sell out at below market value. Imo the board are doing a fine job in their continued stewardship of the business but also in standing firm at the negotiating table .
We were very unlucky yesterday, due to the wider market sell off what should have been a nice 3%~5% rise was very subdued, without doubt 50% potential upside here over the next 12months takeover or not , one to hold and not stress about day to day fluctuations.
Have a good day all .
What was the bid price before as this seems to be going on for a long time
The extension message is v positive IMO, looks like they are seeing who will pony up the most - 1.75 is my guess, but could be higher based on yesterdays results
This will likely depress the share price for a while. I suppose the positive is that neither potential bidders have walked away.
OMG not again.I don't think I've ever known a ridiculous situation like this.What the hell do you do,wait or sell?
“ Whilst the Board recognises the time elapsed since the commencement of the Strategic Review, having now received indicative non-binding proposals from both MDP and the Consortium, it considers it to be in the best interests of shareholders that the Strategic Review remains ongoing to allow further time for it to reach its conclusion.”
Yes read it closely. Sounds like we getting a deal at a price we would accept or they would have ended it…
Have you read it?
Another extension ffs 🤦♂️
For those interested a decent write up on V O X by Paul Hill who has a sizeable holding here.
Wonder what tomorrow will bring….
Great set of results, do we think the SP has been held so the %premium doesn't get carried away/unaffordable? I'm expecting the offer to be announced at close of play tomorrow in order to take advantage of any dips with people bailing if no 7am offer
Continued focus is good to see. Appears the potential of a TO has not detracted them from progressing and growing the business. 12-24mths time eqls will be a lot bigger more profitable business
Good set of results really and continued growth carying on. Solutions the standout here growing at a good clip optimistically could see £50mill in revenue just from solutions this year at the top end. Will continue to see benefit from European expansion. A 1p dividend also a nice bonus. Hardly a mention of strategic review so goes to show they are more focused on the running of the business as is
Djframboise, yes I totally agree, how many companies can produce right up to date TU they are right on top of everything. The only thing is maybe it’s an AIM, who knows. Let’s see what tomorrow brings. I’m hoping to an end to it either way. If no deal I’ll just add on the drop so not a problem for me.
Unloved and overlooked. Don't get it.
After these results...that is the question.
Outlook is what will get noticed today IMO as the f/y was already out there, with performance ytd looking very positive indeed. Revenue up 30% y/y up to 12th April. Management will be negotiating with prospective buyers over 2024 and 2025 numbers and any price agreed will be based on how likely these forecasts can be delivered.
Any bid will need to reflect current trading. Have been invested for many years and card holder for about as long. Has been my go to currency card in Europe for years. Only criticism is that it is very unreliable in USA even in big global hotel groups in, for example New York, and I always need a back up card. Sure this will get fixed. Would be reluctant to accept under £1.50
Wow and it continues “ H1-2024 Trading
FY-2024 has started strongly with revenue in H1-2024 up to 12 April 2024 reaching £31.9 million, up from £24.5 million in the same period in FY-2023, an increase of 30%. The revenue from Solutions in the same period was £13.2 million, up 74% on the same period in 2023 of £7.6 million. Revenues per working day up to 12 April 2024 were £443k, an increase of 27% over £350k per day in the same period in H1-2023 and 5% higher than £422k per day achieved in Q4-2023.”
Impressive growth and profitability across all areas and looks to be at the start of a big up cycle. This is going one way and thats up
Pretty impressive. What will it do to the SP? It should be positive but on AIM anything is possible.
Yes, amazing results. Big expansion abroad, which is only in its relative infancy.
Deadline by 1700 tmrw. GLA
No matter what happens this company will hopefully continue to grow. I’ll spend time later reading through them.
Revenue 95.7 Up+ 37%
EBITDA 17.1. Up + 56%