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This stocks falls under the radar as the mkt makers refuse to make a proper kit so you have a huge spread to trade. Cowards. If you ignore that. Just look at the valuation eurorgagres sold a stake at last week versus this. When volumes recover next year this will double in price. Same buy and build strategy. Arguably the business is worth more in private equity hands and would not be surprised to see the founder and biggest shareholder approached by PE. Lever it up, build it up, flog it off.
Still under 4 euros - crazy
Agree, undervalued , very little trading being done
Blackstone and B&J. If you could take illiquidity this was an absolute no brainier but people just could see the wood for the trees. PE will help the CEO realise value here and for the record it’s worth we’ll more than euro 5.75 a share and when they flip in in a few years they will make 2x that. A nice little Xmas present still for holders.
NCYT next.
Good news, I bought in here in March at 2.08 euro. Had hoped for a privatisation for this and GNC. While news is good, the valuation is not great, agree with Soder comments
7 euros only
Will there be an investigation about insider info regarding yesterdays trades ?
Hi bornagain, Was thinking the same. Its only really a problem if the offer does not happen!
We’re there some suspicious transactions? No doubt will be investigated. I’m in at 3 quid so would accept the offer but the fact the founder is staying in tells you all you need to know. It’s a bargain price. More chance of a competing bid than this falling apart. Check out the recent transaction multiples in the sector. Joke for the supposedly independent board that examined the price to say it’s good value. It isn’t and is below the mkt and they know it.
There will be second offer 6.70
Yes, the offer price is only circa the pre covid price. I will hang in there, however i do not see any doubt the deal will go ahead.
I’m sure if the Eg group brothers were not stuffed full of Asda they would be taking a look. Which PE group own MFG? May also wake them up. This sector is PE bread and butter given its leverage Le and consolidating - lever it up, build it up, lever it up some more, build it up some more. Can create big equity IRRs by pushing the balance sheet which public markets don’t seem to like.