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watkins2008 wrote: "can they just keep extending it for months? taking the **** now how long does it take to decide".
- Yes they can for as long as the process (that has not been delayed by the way) takes. This is why the shorters are winning. The shorts will close before an outcome is announced and given the lack of liquidity I would hope it to spike nicely.
It is regretful that we all missed a bull rally waiting for this, but the world markets have levelled off and we can get a deal done before the outcome of the US election it will be great to take part in another US rally.
It all went back to square one when the consortium was formed only a month ago, so it’s not really dragging on, it just seems like it. On top of that, a consortium will inevitably take longer to make decisions than a single bidder.
This is worse than Brexit negotiations. Extension after extension. Each side playing hardball
crikey im glad i sold out of here a while back at 32 something, this 'buyout' cant seriously still be up in the air, seems to be going on and on like the energiser bunny. Be nice to have it over with one way or another GLA.
can they just keep extending it for months? taking the **** now how long does it take to decide
I suppose an extension of deadline RNS is imminent. The deadline wouldn’t be extended if there weren’t a reasonable prospect of a deal. So I think extension would be good news, apart from more chewed fingernails…
A bid does not need to be announced if it is seen as materially undervaluing the company. Mr Scruff (no relation to me) indicates an "outcome" as he puts it to be announced within the best guess of within 2 weeks but certainly not tomorrow and shorts to close at some point this week.
Assuming there's a bid and it's below whatever the BOD want, can they just get it rejected straight away or they may need the approval or the diapproval of all the shareholders plz?
Then again a couple of hefty buys.
Assuming they were actually sells.
Sorry 64.32K.
Was the 62k sell after hours really a sell at that price?
I'm with you Clemoc on the whole, don't think anything in here has any effect on the actual position however always keen to hear what drives peoples opinions - it won't spoil my weekend :) I've been a long time holder on this and don't mind holding on for years to come with a 27p avg. position - GLA
sounds very doom and gloom - any quantifiable calculations to support the 17p prediction? (not baiting, genuinely interested in your working/thoughts)
Unfortunately the shorts are here to stay. 17p soon and then the long wait until the refinancing deal is announced. If/when it doesn’t happen the AA will be broken up and the Insurance arm sold off. The rest of it will also be sold, but not at any sort of premium!
The investors are the losers, I’m sorry to say, but the debt pile is crippling and there is no easy solution.
ABC will have no idea of any bids. Lots of shorts this week so clearly they know an outcome (or bid) was not expected this week because certain criteria have to be done first by either the AA or the PE. When these shorts close an outcome will happen at any time.
I would have thought that any bid will first be put / advised to the largest hareholders like ABC to get any idea of what they think of it. What's the point in posting an rns with a deal expecting it to be voted through. assuming there is a deal on offer.