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I doubt whether we will see any voluntary announcement from the BoD tomorrow. They will be hunkering down with the advisers playing the long game - where's the rush ; plenty of time to put out announcements at a steady pace as and when required. What is needed is cool heads - remember there's always an outside chance it might not happen - and GC &JW for all their faults has form when it comes to selling listed companies. I think the share price will continue to edge higher tomorrow whilst folk catch their breath. The Indonesians have been flushed out & its up to them and their advisers to plot their next move. Charm offensive with the media likely for weekend press given its almost holiday time and the press will be hungry to fill the pages
Has anyone previous knowledge of these reactions?
Friday pm up 36%
Monday only 7.75%
Could this pick up for the rest of the week and today was the calm before the massive hurriance to come?
I see from the latest RNS that Chelverton UK Dividend Trust plc have acquired just under 24m shares. Cannot recall them having a position before but reporting a position of 1.97%. As I pointed out over the weekend it could be to private investors advantage to keep track of the numbers with these companies as it makes the trading a little more transparent. These funds will have done their due diligence and will know whether or not there is value and of course exchanging information on the 'old boys network'
willec, I guess the city knew of the 17p offer on Friday and probably knew it had been rejected so I guess there was an eagerness to play catch up on Friday. Today, although I have not kept an eye on the trading I would suggest it has been held back whilst orders are being filled. My gut feeling is that when those acquiring shares have finished then they will let it go but as you know the market is about supply and demand which I can see rising as more information is known.
Have I missed any SOL update in the last few days?
Wonderful if that adds another little kick.
No SOL updates at all, this move is ust all on a takeover.
I see the market aligned to the offer , they will keep the wraps on this until another offer is made. Bent as a nine bob note , stinks to high heaven but hey ho , you pays your money on AIM and live by the rules , sorry , i mean consequences!
You say that but we all know more bids will come as so many options are on the table and the only way to get rid of some are to raise the stakes (SP).