The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Rival Purplebricks bidder plots to hijack £1 takeover – with £1.5m offer
Lecram Holdings warns cut-price sale 'not in best interest of shareholders'
Lecram Holdings said: “We believe that the Strike transaction agreed by the board of the company is not in the best interests of shareholders and could end up with them receiving nothing.
“We believe our offer gives shareholders the certainty of cash now rather than vague promises from a discredited board of something more somewhere down the line.”
£3.77k in the bank all because the deramp squad told me not to touch with a barge pole.....Thanks again your hard work is appreciated ;0
I don’t think it matters who has bid, or how much. The fact that there is another bidder interested is maybe all this needs to kick on. People don’t care how much it’s worth, they just pile in when something starts to move. Who knows where we might end up. It would certainly stick one on the management if they have been up to no good and feathered their own nest. Wouldn’t be the first time, would it?
Good luck to anyone who’s making money, that’s what it’s all about.
Isabelle....a few years ago a company called Raymarine (makes equipment for yachts) reported it was going broke and said on a number of occasions there had been no takeover offers. An industry magazine knew that was a lie and threatened the directors with judicial review. The directors were forced to admit there had been a dozen or so offers and the agreed price was many times the share price. The directors had hoped to buy the company off the dminstration for nothing.
Not saying that is the situation here. But the rns should simply have said there is a counter offer and we are in negotiations. No need to say we prefer the £1 strike offer at this time. The vote should be pushed back to the closing date of the new potential offer.
Nice twist, I did say Lecram would be the ones to watch here, should have listened to my own advice and bought in when it fell to sub 0.5p.
Was clear Axel had lost interest a while ago even though some were claiming they'd be bidding, whereas Lecram always seemed dark horse. Hope they are successful as they called it right on this useless BOD last year and have been holding for ages whereas Strike are newcomers and seem to want to steal it.
Isabel.
Debenhams was bought by BOO its an online brand.
BarnetPeter. The company is finished because Brand names no longer hold any value. For example Flybe. Debenhams.
It's just bottom feeders like me and others see a quick opportunity to make a few quid off the name of sinking ships.
Its the nature of the game.
The directors are required by law to seek the best possible offer not agree to take the Strike offer because it might be better for them. Other offers may come forward but they seem desperate to take the pathetic Strike offer of £1 asap.
Pumpky, when you do two bags and then move onto another share and do a bag in the same day, then and only then let me know.
NFX and NSF are a pair of barkers.
Obviously not doing it correctly!!
Poorinvestor.
Sending good weekend.
I don’t know issabelle, it’s close but not better then sex lol. Very close though. :-)
Make sure to take profits. ATB
NSF in a very similar position to PURP
Now check out NSF.
Hitting 87% on Google.
Better than sex.
Well done issabelle.
All the best.
Not far behind you.
Significant buy trades going through.
Just bought this yesterday. Topped up this morning with my its profit and now this has boomed. What a day.
Good luck all.
Oh saint@vision your posts have nothing but rubbing salt into the wounds you profess you care about.
Nice cheeky rns to start the bidding war rolling!
GL.
Looks like the brand is being bought.
Agree trades running thin.
Rns out of the 0.5p offer
Spread looks like me after a night out.