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25k buy 15.39, sell 15.41.
You know when they do this something is coming.
And no RSP for 250k or even 150k to buy - first time.
There we go - what suspicuoisly looks like a rollover - but they got the trades the wrong way round by one second - wink wink, now 15.08 to sell 100 shares!!
With all that you'd expect to be able to buy 100,001 shares ? No RSP quote for that!
Chucking all the tactics to get shares - but there aren't any left - any PI [about 5 of us left] leaving has done so over the last 3 days.
@Jimzi Sure is a conundrum. A number of alternative bids being considered imv.
Although I am well down [have held and added since 2010] I dread to think what the
present book loss is for Kestrel who hold 28%. Any bid would certainly need their
consent or they could remain a minority holder, so they hold the key.
Agree.
And the reason is quite straightforward.
19m recurring revenue at 60% is what is very attractive to any bidder.
How much they can cut overhead and how well it fits in to their existing opps dictates the value to them - and of course, its bespoke - they won't get this opportunity again.
Your right with Kestrel but of more importance is the recent 12% acquisitions by iis post offer at the premium - now unless they like losing 50% of their cash in one month, it sends a very clear signal.
Basically offering 8.4m for a co with annual GP of 11m is a joke, especailly when 99% of the co is owned by iis.
Hence we are seeing the bid continously rise over the past 3 days when there have been 80% sells and now why they are trying to mess with the book. But there ain't much they can do if 99% aren't selling- even shorting won't work.
I think they may lob another 100k sell in below 15p as a last hurrah and then phase 2 will begin.
I was close - a fake 150k delayed sell at 15p
You can read this one like a book.
50k currently 14.45 v 15.9.
Nice tight spread!!
A few boys asking HTF can we get sells [ and not adding to our short]
I posted this 20 minutes after the delayed 150k sell was booked but 40 mins before reported.:
"25k buy 15.39, sell 15.41.
You know when they do this something is coming.
And no RSP for 250k or even 150k to buy - first time."
MMs exposed.
All pi's please note RNS, Coltrane are still buying at 15.5p
MM's manipulation of present sp quite obvious.
Bugger all PIs left to manipulate!
I am just a tad suspicious of HH and their link to Cenkos Re liquidity.
Masterly inactivity is the key folks.
I am still in albeit small. I only post when some BS-er appears with an obvious agenda :) I seem to have managed to scare two off in recent times albeit Admin didn't seem to like it..... The company with it customer base and products is worth more than where it is at the moment, so no point baling out now.
Don't give much credence to these large trades.
And suprise, bid is 13.5p for 500k - yesterday it was 13.1p
All games
Oh, and max buy is 350k at 18.5p - showing the transfers are really market price neutral.
Drop the ask to 14p you cowards!!
and finally for the complete book
100,000 is 14.2p to buy
100,001 is 16.499p to buy
I try and help but Mr 30,739 clearly no trust me!!
Well I am with you and staying until the final offer.
It is a shame sp "engineering" does flush out nervous holders.
And Cenkos reducing their short.
All you need to know folks.
Well, we had 500k puportedly sold around 9.30 around 13.7.
So you'd expect to be able to buy 500k at around - lets be generous - 16.5p - thats a whopping profit for the mm.
The ask for 1 share over 100k is still 16.4999p.
Max buy still 350k at 18.5p