I think that Roble closed on Friday. We won't know until tomorrow though
Pure speculation (by me) but... Yes, I think it is quite likely. He would want to do it after the cash is received, so as not to confuse things. Also he would want the new board installed to negotiate with. Rough calculation... Receive 637m from S&G. (Cash and debt roughly cancelled at the year-end, so don't count that.) Plus say 100m from NIHL over 2 years. Plus 150m for telematics. Equals 887m. Or roughly 200p/share. That seems fair, and he would (personally?) end with about a third of telematics. I think that would be very tempting for him, and for the new board. It would need to happen before the dividend, when the share price is likely to revalue towards fundamentals. Pure speculation though. Your view?
Roble short position
With Roble having a 1.24% short position, 5,518,000 shares, how does one see the price moving tomorrow?
With the rumour mills doing overtime in relation to thought by some that RT might be about to make an audacious bid for QPP Telematics, firstly, do you think this is a realistic suggestion and if so, and bearing in mind, that ' every business has its price' what figure would realistically cause the the new BOD to consider. I actually tend to believe that RT might not have serious intentions to buy Telematics but could use the bid to demonstrate that he's now a serious player. As the rumours grow so will both QPP and DAn shares prices. What's you thoughts on these Rumours.
The smart money will obviously buy BEFORE it goes ex divi, and before it rises back to £1.60 equivalent. Sadly I don't have enough cash to double my stake at that price. Some people will though and IMO will profit handsomely. DYOR GLA
Grumpy, as soon as this goes ex-divi I'm doubling my stake. If it stays here and they are only 20p I may even treble it. I have the cash ready, so here's hoping :). One thing is I'll be buying BEFORE the cash is paid out.
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