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can you keep bry in the header please
Before they could manipulate stop losses - no longer - assuming no one has set one after the news.
Pathetic shake. 9.11 to sell 500k and no rsp quote to buy that now
They won't work anymore Hanover.
Good sign though
Such statements are not made under oath.
Get it cheap in cohoots with bod, paper over the cracks cash and when the dust has settled, flog it.
I don't believe subjective mission style statements and certainly not the ultuisitic nonsense in that one.
If they are prepared to sink in a lot of money is there anything stopping them in offering part cash part shares offer? Or will they delist?
Subject to the Offer becoming or being declared wholly unconditional in all respects, Hanover Bidco will work with the Company's management to agree a plan for modernising Brady's products and to seek to ensure that the products and services provided Brady's customers are best in class. Hanover Bidco is prepared to commit significant funding for the purposes of this plan.
Interesting how the news is reported
(Sharecast News) - Shares of software technology company Brady surged on Tuesday after it agreed to be bought by Hanover Bidco, an investment vehicle owned by Hanover Active Equity Fund II, in an £8.3m deal.
Under the terms of the transaction, announced late on Monday, Brady shareholders will be entitled to receive 10p per share in cash, which is a premium of about 51% to the stock's closing price on Friday.
Brady's non-executive chairman, Ian Jenks, said: "The recent period has been a challenging time for the company, and the board's priority has been to secure an outcome for shareholders, customers and employees that preserves value and provides a platform from which the business can flourish.
"I believe the offer from Hanover provides certainty for all stakeholders along with the expertise and resources to best enable Brady to unlock its potential."
Well lets hope for a bit of competition between them (or someone else) then :)
ION probably have their hands full, however FIS Global could do worse than have a look. They aren't exactly a minnow.
they could of easily raised through the city which makes me wonder if they have driven it down on purpose
Throwing the board out would be a very good idea IMO, but that should have been done months ago. There isn't enough time to throw them out now. They'd let the company collapse on the 15th November out of spite if necessary if they thought they may be thrown out. It would realistically take months to get rid of them if there was an organised coup.
have a read this isn't some tin popt company no wonder they want it cheap
https://www.bradyplc.com/in-the-news/
The biggest holder has 27% is he going to vote for 10p? This was 56p 8 weeks ago, with good management there is no reason as to why the revenues can't be increased personally I would be throwing the bod out and bringing in new blood.
There's 250k on the ask for 9.69, anything over 10.49.
Its tempting
It will get there by the eod https://invst.ly/kg-xm
Now 10.49 for 500k.
Let' see if its re-loaded.
https://www.lse.co.uk/rns/BRY/form-83-brady-plc-2pgb3edus9a1rjc.html
Interesting because now we will see who is holding and who might be short
You get rainbow chasers in real rubbish shares who appear happy - a real one comes along and they crap themselves and sell below a guarantee.- forgetting these shares are a rare as hens teeth.
That's why there are a few grossly undervalued companies around - inability to analyse.
Lb I said it yesterday can't understand people selling when the bid is rising order filling got to be newbies
Been mentioned here before.
100% they will be looking - synergies for them far higher than Hanover who are medium term flippers.
And they have said they will raise the bid if another party comes in.
I agree, total no brainer. Just do nothing.
This could be hours, days away and peeps still buying guff that's years away, if at all.
Dmc they are taking the mick that is what they are doing imagine what an experienced managment with drive could do here look at the previous years revenues.
Sorry Guys just have a question on this as I was looking at it a few weeks ago.
The SP plunged from around 55p to 4p (ish) in August 2019 (2 months ago) and now Bidco are making an offer of 10p per share.
I know this is AIM but what exactly are your BOD trying to pull here there selling the company around 20% of it's value just 2 months ago.
Thanks
There's still 500k on the ask at 9.72. That's over 0.5% of the company.
iis will defo wait to see how it pans out so whose shares are they?
The last thing the BOD want is for the price to go over 10p - cause it means the market is putting 2 fingers up to them.
If the ask dries up later, points to the directors.
Clearly this leaks aka yesterdays miracle buy - probably find out it was the directors or Hanover - and that purchase is the supply. [yes, I've changed my mind in the space of a sentence!]
Twists and turns but there is a big prize to play for aka the bullish outlook posted by Jarv.