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Due to the nature of the extension I expect an offer to be made. Why extend again and for a short period of time. Feels like they just need more time to agree final details. If there was no deal to be had I would have expected talks to be ended at this point
This extension was expected. I for one would prefer the Company to remain independent but discussions are clearly extensive and I do anticipate a formal bid.
Another extension to the 24th of January
https://www.londonstockexchange.com/news-article/EQLS/strategic-review-update-and-pusu-extension/16266973
Yes from 29th Nov RNS we had this statement;
"In the light of this request, an extension has been granted by the Panel and, in accordance with Rule 2.6(a) of the Code, Madison Dearborn Partners LLC is required, by not later than 5.00 pm on 27 December 2023, either to announce a firm intention to make an offer in accordance with Rule 2.7 of the Code or to announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This revised PUSU Deadline may be extended with the consent of the Panel, at Equals' request, in accordance with Rule 2.6(c) of the Code"
I guess folks are surmising that if MDP LLC wanted to do the deal we might have heard by now and therefore are taking some off the table (aka selling a few). If there is no deal the SP will likely ease back further but I believe that would be a buying opportunity ahead of the Jan Trading Update which management have guided should be in line with their expectations.
This is AIMHO and good luck to holders here whichever way this goes.
There is an RNS due by 5pm today with an update but I haven't seen anything so far.
The one you are referencing is not it.
Hi everyone
Please can someone explain what is going on and how it is impacting SP
I see “bid situation” on HGL and the price has dropped. Yes have read RNS but would be helpful to understand what is really happening here
Thank you
Chucky sells after 11…..
Some chucky buys this morning. Not many working days before the next deadline, extension again? I do still hope that this stays as is (unless a big premium).
Still some way to go to reach the autumn 2018 levels (150-ish) but looking strong.
EQLS, made an all-time high, today, while the sector chart rose. The RSI(relative strength index), made a bullish failure swing by crossing above the RSI, high of 30/11/23. Fast sp, movement is confirmed through the Bollinger top and bottom bands , separating, that is top band going up and lower band going down. The next retracement, will likely be signalled, when the bottom Bollinger band begins to turn up. There is no overhead supply from previous trading, in an all-time high situation, so there is no resistance to upward equity movement.
Just checked the London stock ex, wonder if those 2x £1m trades, buys, sells or exchange. May find out in a few days (maybe).
Looking good today
And apologies all for dreadful typos including in the header.
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!