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Look at the RNS's that have been coming out. Schroders have been selling everyday, Apex sold. Chelverton, Goldmans who are advising MD, have been net sellers EVERY single time they have put out an RNS. Every single time! None of the funds have added. Its very annoying. Only person to add, Interactive Investor and that's all just day traders
Zebbo is right. Its the funds that continue to sell this, not the day traders. Its actually priced in for no TO even though there are two bidders. The mkt is telling us the buyers won't meet Equals expectations which does surprise me considering how well the company is doing. Look at Shift4 in the US Monday. They received multiple offers for the firm and none of them met the companies expectations. There seems to be a big spread between would-be buyers and sellers in this payment sector at the moment
Lets just say I know a man who knows a man. It will either get done at 160p or it won't get done at all.
Zak7795 - thanks for the post but what makes you so sure that 160 is the max. offer price ? Is this figure based on your own calculations ?
The market is not pricing in a TO thats for sure. The SP action / book tells me there are sellers out there who have been taking advantage of the volume. Many times I have been able to buy 100k at the price and only been able to sell 25k, even in the face of constant buying.
Not that this means a TO will not happen and may explain why we are still lowly priced IMHO. No takeover and strong results / outlook should see us a fair bit higher anyway
Equals want at least 160p for the firm (trust me on this) and on the basis the PUSU has been extended so many times tells me they are arguing over the price so the price Madison are offering isn't 160p as yet. I have a feeling 160p is the best we'll get
That’s a very interesting article from the IC. We will now get to see how serious Madison Dearborn are. It always helps to have two interested parties vying for a share. I’m surprised there has not been more interest from the Banking Sector, it’s a cheap way of buying into the technology. Looking forward to a bidding war.
Simon Thompson thinks fair take out price is 175p
Https://www.investorschronicle.co.uk/ideas/2024/03/20/bidding-war-for-equals-group-heats-up/
No mention of Europe again today. Have fears about the National Bank of Belgium demanding much more in the way of capital reserves for Equals European company based on the submitted business plan. Could be wrong, which would make me happy. The emergence of the second interested company, which has been set up to fund fintechs in later stage expansion, is not that reassuring to me. There is no guarantee the business plan will work what. In such circumstance 140p would look good.
I'll wait out for April 16, in the hope of finding out what is driving this.
EQLS always feels a bit under the radar.
I like your optimism, thought price action fell a bit flat , let’s see how the next month rolls - Gla
175p + I'm hoping for.
Or higher? based on the trading update I am guessing 1.60 will be the final take out offer
Agree DJ still very cheap.
We now have 2 interested partie so competitive tension.
We have results and Trading updated 16th April and then 'Put up or shut up' for 2 Companies by 5p.m 17th April.
Things likely to start warming up here and maybe another party will now show their hand...
Still cheap at these levels. Hopefully this will see a big increase in interest and corresponding increase in SP.
Enjoying the early movement
After reading RNS seems like Towerbrook and Railsr want to buy equals. 2 potential bidders now. Maybe a little bidding war will ensue.
Sharp spike. Will this continue and if so, how high?
Yes this should spark 🧨 a bit of movement on the sp
However after a quick Google of railsr I would hope equals stays well clear. Looks like they are a company looking for a buyer probably because the Private equity funders are fed up piling in cash.
Interesting indeed, could be getting to crunch time
Nice to see a little trading update. 28% growth rate is amazing and if it continues as the board expects will see well north of 100mil revenue this year.
Rns reads well as though the board want to put too rest any concerns about the strategic review affecting the ongoing running of the business too.
Thats the most important aspect, deal or no deal