Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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Broken 380 before the weekend then :-).. Hope it stays on the Howard trend now
Got to 379p earlier before falling back...
Hoping and wondering if it will break past 380 by the weekend, even for a brief moment.
Beginning to believe JP Morgan more than Barckays at the moment :-)
I *very* much doubt he's bent. Misguided - perhaps. Often, it's just some poor soul who's been handed a dusty old spreadsheet that nobody has updated in 10 years.
I tend to treat individual ratings as little more than astrology. It's a bit like guessing the number of jellybeans in a bottle. The individual estimates are quite poor, while the average of a large number of guesses tends to be quite close to the real number...
Bab makes tiny profits off huge contracts. It only takes a slightly more efficient management and Bab could make a serious amount of money. Bidders know this. I would think that the contracts are very attractive for the cross-selling opportunities.
I believe it’s possible, I think a lot of it is purely rumoured at the moment but the SP has been moving in such a way that it makes me think it could be a bit more than possible, but only the guys on the inside will know that.
There were reports on Friday bab and senior could become takeover targets after ultra electronic and meggit became targets, is this more likely than not or just some wishful thinking from bab and senior shareholders who like to see their holdings to appreciate?
Or Media Studies? The Barclays analyst heavily promoted "Boatman" when that reared it's head.
Third possibility - studied Geography at University.
The Barclays analyst who gave a target of 147p earlier this year is clearly either bent or completely incompetent. Or am I missing a third possibility?
Good luck shorting this one. Think most of them have left by now
A 1.25% daily gain is not to be sniffed at. It should creep up to 400 within a couple of weeks. The company may not be in the greatest of shape, but it has a lot of (virtually guaranteed) lucrative contract work lined up for years to come, which has not escaped the notice of potential bidders.
This is a classic shorting op. This is how it works:- House researchers on the lookout for candidates - let's start with the Daily Mail - Ah! here's a beauty:- "Rumors in The City that Babs is ripe for a take-over" - What a laugh, who in their right mind..... Anyway lets report back and see if they if the boys upstairs want to give it a go. Upstairs, they have a chuckle and loan some stock and then set the "algo" in motion with loads of small buys. Well, well 5% up, that should do for today - sell the lot, clear the loan and lets see what happens - maybe we'll try again tomorrow if it comes falling down - should be able to get 2 days out of this.
All today's gains in the morning virtually wiped... Nice :-(
The company has been off loading non core businesses for the last two years to make it more attractive. Attractive to a take over IMO. Archie Bethel left last year after a barrage of "Boatman" reports on the business and lots of rumours which hit the the share price and has never recovered from.
Last take rumours of Serco had it in the 450-500 price range valuing the company then at £2.4m with a £4bn take over so this could have some upward movement in the SP .
Ditto. Hopefully it will rally into the 400-450 range on takeover rumours, then a bid will come at a 20-40% premium. That would give you, me and a lot of other holders a modest loss, but a blessed relief to this car crash. If there is no bid, just stay in for the long haul and eventually it will recoup its losses.
At least a takeover would put me out of my misery. My average is round about £6
Takeover "rumours" apparently ... https://www.thisismoney.co.uk/money/markets/article-9913159/MARKET-REPORT-Takeover-chatter-bolsters-Bab****-International.html
I’m going to put this politely. What the fu** is going on and why is barely anyone talking about it?!
Re my post 17:35, 'for hear read here'
I have lost a fortune hear and cant see me ever getting my money back in my lifetime. ( don't worry my sell by date has long gone). A take over bid would be ideal for me but do you really think the government would allow the sale of the 'crown jewels' to an organisation from outside the UK?
From todays This is Money ..........
But it might also have been pushed higher by talk on the City rumour mill that two private equity groups are 'sniffing around' the defence group, a source said.
'Sniffing around' can mean a lot of things – from junior staff doing basic research to detailed plans drawn up in talks with bankers. Though for any eyeing up to make it into City chatter means it is unlikely to just be summer interns running some numbers. It is unclear if any bids will be forthcoming, but an offer would be of little surprise after the recent swoops on Ultra Electronics and Meggitt.
Should be an interesting couple of weeks coming our way!
https://www.thisismoney.co.uk/money/markets/article-9913159/MARKET-REPORT-Takeover-chatter-bolsters-Bab****-International.html
Definitely wouldn’t be out of before the weekend, the FT will do some digging ..JP Morgan’s 4.50 upgraded isn’t a wild guess, they are close to the PE’s on the other side of the pond as JP will probably be a part finder ….still a very cheap opportunity for a PE to make a bid especially now the kitchen sinking is now complete.
All I can think is that a fund is accumulating. Long may they continue...