If you took the standard open offer allocation youd suffered a 7:1 dilution and all the new shares are well in profit.
GKP seem to be holding up well today which given the CEOs comments reported yesterday makes sense
They have clearly attracted offers he won't recommend. As now a willing but not a distressed seller,at a sensible price ,which in my view is in excess of £4 minimum. I wonder what his view is or rather the majority shareholders price expectations? I'm sure price demands have been indicated to interested iocs
A board can recommend an offer whilst still allowing scope to explore alternate offers. I certainly would like a competive auction in private or public.
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