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I wonder what will happen to share price with this sale current market cap what just over 2 billion?
The London-listed private equity firm hopes to tie up a blockbuster deal with Liberty Media or another buyer within weeks, Sky News understands. https://news.sky.com/story/moto-gp-owner-bridgepoint-eyes-3-5bn-bonanza-from-motor-racing-sale-13085129
Bridgepoint owned Moto GP up for grabs and sparking bags of interest - Liberty Media heading the queue. A billion dollar + deal imminent looking good for BPT. GL holders, spectators.
Market liked the acquisition ECP today , Ceo stated it will be Immediately Accretive, 25th Sept is paydate, future looks rosey...atb
Showing a good rise today, fundamentals of the group are still good. Not anticipating anything spectacular here.
Or not. Anyone know why everything just crashed? Including Sterling,
Bought in @ 174
Looks like most of the stock-market is about to bounce. :)
It would, but that was the only news I could see relating to BPT. It wouldn’t be the first time an II had pulled out of a an asset fund due to their investment choice.
The MiQ investment would come from the assets under management anyway wouldn't it, not company funds?
Good spot Poleaxe, it would appear that is exactly why it fell. I thought it was strange with the MIQ investment as that looks a decent business. It will be interesting to see if any TR1’s land, it certainly seemed to have gained some traction towards the end of the session.
It seems it's almost certainly down to FTSE shenanigans .
FTSE had said they'd increase the investabily weight from 31% to 76%, effective 19 Sept. Tracker funds would have been more than doubling their holdings. That probably accounts for the recent rise.
On Thursday FTSE changed their minds. That probably accounts for the fall yesterday.
Imagine being an insider at FTSE!
https://research.ftserussell.com/products/index-notices/home/getnotice?id=2605512
May not be related, but they announced that they just bought a majority stake in MIQ, obviously an II took exception to it and sold a chunk this morning or it may just be a coincidence. Anyways, I bought in today and a few others, we are coming into a risk on environment again, get buying, I see a soft landing.
Very strange drop? I cannot figure it out!
I thought this was in FTSE 250 not AIM ?
Shares Sold £871416
Shares Bought £1564153
Share Price -18.59%
The joys and logic of AIM eh?
It doesn't make sense to me either. Why would the company need a placing to fund MiQ? Wouldn't any such investment come from assets under management?
It doesn't make sense because the investment is just another of many investments, but it is a surprise that a 250 company is not putting out an RNS when its sp drops 20%
20% drop and no RNS....this is a farce...looks like some big investor is bailing as they do not like MiQ - could be the start of a SP downhill snowball or an opp to pick up cheap shares in a well run company
Story that BPT is set to take a majority investment in MiQ. "Sources familiar with the deal" said the investment is expected to be announced in the coming days.
Could be announced sooner, now the news has leaked.
Anyone got any intel on teh drop - cant find anything
I'm wondering todays volume why so huge, can someone explain this to me?
Thanks
Anyone know the reason for the signifcant drop?
WOW
This message board is a bit quiet. 29th July the last post???
BFW 07/29 06:00 BT 1Q Adjusted Ebitda Beats Estimates
BN 07/29 06:00 *BT NO CHANGE TO FY22 OR FY23 OUTLOOK
BN 07/29 06:00 *BT 1Q ADJ REV GBP5.07B, EST. GBP5.15B
BN 07/29 06:00 *BT 1Q ADJ EBITDA GBP1.87B, EST. GBP1.80B
BT Group PLC BT.A 1st Quarter Trading Update
2021-07-29 06:00:07.470 GMT
RNS Number : 8255G
BT Group PLC
29 July 2021
Is this undervalued? AUM27.4bn, market value 3.63bn - significant discount to NAV? What am I missing?