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Thanks for pointing that out Morbox...
Yes, bit later, w/c 8 January 2024 Pre-close Trading Update. As stated on their website.
https://www.equalsplc.com/content/investors/important-dates
Was nice to see the interim dividend being xferred from my income account to my NISA account today with HL.
Only 0.5p per share but better than a kick in the backside.
Will be received the final dividend or will we get taken out instead; time will tell.
We gave an interim updated early last Dec but silence so far this month...
Looks like Jefferies reducing short position and JP Morgan Increasing a long position "equity swap"
Just a bit of info on the certification.
https://secureframe.com/hub/iso-27001/why-is-iso-27001-important
Ah. £1.20. Supply and demand! Tomorrow could be interesting
Chrishbish. Wouldn't read to much into not getting a quote. There are not always an endless supply of sellers electronically. You might find you will be able to buy repeat orders for a smaller amounts. I had this problem when the shares were around the 80p mark. Took me about 6 trades to get a decent holding and two trades to sell the whole lot for quite a decent profit. Had the same problem trying to buy them back again around £1.05. In this situation they are bound to be a little illiquid until either a deal doesnt happen or it gets bought. Bound to be opportunities along the way , like when the dividend is paid out next week.. there any number of outcomes including partnership.
Is someone trying to build a stake? Daily volume up and a lot of 20,000 buys. Tried to test the market and couldn’t purchase 25,000 shares as no price quoted!
Surprised these aren't a lot higher today on the extension news. The co had to tell the mkt about FleetCor and Madison because the company went to them. I'm hearing several people are interested now. They don't have to tell the mkt if people have come to them hence why I thought we would get an extension. They need the extension coz they are talking to multiple buyers now. I've got a feeling in my bones :-) and I always trust those feelings hehe. Don't be surprised if it isn't Madison who takes them out but surely someone will. U have mgt who want to sell up, u have the major shareholders who want out, the business is doing great so that's attractive for the buyer. These will get sold for 160-170p I have no doubt in that
First extension to end of year. Clearly these are serious negotiations with Madison Dearborn. Might well still be other interested parties. Won’t be surprised if this rattles along into early spring. In the meantime trading in line. Could be worse!
Another of my holdings got taken out on the cheap today (RTN) hope this one doesn’t!
It will be an extension. More people are interested
Well, only a couple of days to go, will it be no deal, deal or extension?
Thanks for the commentary Zak7795. I’ll just continue to sit on a healthy profit as despite all these holdings being reduced the share price has held steady. This is a prime takeover candidate like many that disrupt the market. Like Paul Hill I’ll continue to hold.
Chrisbish,.....what and u know the MM took that position on his book? I don't think many MM's want to have a short position in a company that's up for sale but maybe the MM was long and just sold his position but I doubt that. Most of this MM'ing firm run very very small books. I'll be more concerned over Stephen Heath (FairFX Chairman) reducing his holding by 1.269mln shares or Chris Levett reducing his by 4.9mln in recent weeks. Just an observation
Yes I know, that's my point. it's was just an observation that a bit of house keeping is being done.
I think a few people are misreading today's' RNS
The advisor has not changed. Canaccord were already appointed on 26 March 2021.
Peel Hunt LLP were appointed as joint broker in 30 March 2023 and have now been ditched. Peel Hunt are in trouble having posted a loss and it's not looking so good for that company.
I wasn’t saying the market would get excited, just over the years I’ve noticed that, in a bidding situation when broker news comes out it points to an offer follows that’s all. Personally I don’t want an offer useless it’s at a premium like HOTC today 165%
Zak7795 you sadly fail to recognise that at any point in time mm’s will hold shares.
Lol, the RNS today only mentions Canaccord becoming sole broker and Nomad. I didn't think the market would be that excited by this news!
It’s not a sign that a sale is going through!
ST of Investors Chronicle has also reported that Downing Micro Cap Investment Trust is going for an orderly wind up, to return capital to s/hs. Sorry to see this go, some decent companies in the trust, including Equals. More info, see their website, ticker DSM.
Interim results statements set out their reasons - low valuations of smaller companies, discount in sp of trust, long term mis-management of economy and society by governments / policy makers over the last 10 - 15 years! A grim read, they don't hold any punches back!
https://assets-global.website-files.com/6424344d8e0d4156b939a474/654cb6c86f6d2d3e8ee12a99_DSM3114_Downing_Strategic_Micro-Cap_Investment_Trust_Report_Half-yearly_Aug_2023.pdf
Chrisbish......I was being sarcastic.....u do realise that with every buyer there is a seller right. So ur comment was pointless
The Declaration of a dividend is a positive step and shows confidence. I hope they don’t get sold, it is my largest holding and it is always challenging to find a replacement investment. I can see Equals eventually being bought but it will be worth a lot more in a few years time.