Why would somebody buy so many shares at this time if the likelihood is they will only receive 1p back per share. Can somebody explain this to me please? Does this suggest there is some hope for this company?
http://www.investegate.co.uk/takeover-panel/rns/disclosure-table/201305140737476343E/ OFFEREE: CPPGroup Plc Offer period commenced: 11:09 27-Mar-2013 10p ordinary ISIN: GB00B5W55H93 NSI: 171,527,713 OFFEROR: Mr Hamish Macgregor Ogston CBE Offeror identified: 11:09 27-Mar-2013 Rule 2.6 deadline: 17:00 31-May-2013 Disclosure of dealings and positions in this offeror is not required
12 May '13
Hi guys, Can anyone offer any opinions regarding Friday's rise. From the RNS i am guessing JP Morgan have closed a short position on CPP. Is that correct? http://www.shareprophets.com/analysis/53 What are share price predictions for Monday?
11 May '13
To buy or not to buy
That is the question --- Will 75% of the remaining people and institutions holding 43% of shares accept bid of 1p or risk losing all money ---- think they will risk it --- company still making money -- gl all im holding my shares
11 May '13
Sudden Rise also 1p per share???
Been following this, cannot understand the sudden rise???? The directors seem to be buying big. Is this so the 1p a share can go through?
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