I don't think anybody knows what's going on, but we can all speculate. I think there could be a private equity connection in this affair, of which Oasis are a part of. Indeed, if in March 2016 when MC bid, GD said ''other bidders may emerge''. Indeed, if a private equity outfit did launch a higher bid and bough PF, what would they be doing with the company today? My guess is getting companies like Nissin on board who have products that can drive growth. So before an outright bid is launched, expect to see agreements with other manufacturers aimed at growth, because whether PF is listed or in private hands, it needs to get growth from somewhere. To blame the burden of debt on everything will get you nowhere.
I don't know what's going on or what will happen in the short term but over the last few months there has been many large buys after the close of business and whenever we see large sells they always seem to be bought up by someone or some institution. It's sods law that at some stage someone will strike when they have enough holdings or when they think this stock is about to rocket and they don't want to miss out, but until then It's being held back so someone can keep building their stake. I still think this will hit 80p - £1 over the next 6 months and so I am not selling out just yet.
resumed dividend payment indication from Gav two or 3 years back? That's the litmus test for me. We Pi's all need to get a bit more proactive on the voting front (mind you wouldn't make a lot of difference).
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