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are being mucked about with cause there should be alot being reported than arent as the trades don't tie in.
Tick tock - but even if no counter offer, still reckon the shareholders will block at 10p
If no counter and shareholders blocking then they need to raise funds as cash is up come mid/end November
Well, 1] thats the BOD's view whose judgement may be suspect
2] If they need 1.5m - the iis I'm sure can cover it - they are buying at 40% over bid
It's a mirage
If the BOD can't work out when cash runs out then you'd hope to see a full scale management restructuring. If they don't take the acquisition / no other offer , it'll take more than 1.5m to sort them out.
I'm hoping you're right tho and the ii buying at 14p suggests you are!
Educated guess. Being a one off, you can’t tell how many , if any, other buyers are looking.
But from what we can see, there is another offer or they will push Hanover up. Good fun though
@ Jimzi, Thoughts on the price now dropping?
Mirage.
RSP yesterday and this morning to sell 100k was 11.96.
To sell 1m it was 12.5p. [now unavailable]
Buy at 12.5p - thats what I will be doing.Its a game of bluff
Agreed, seems to be a game of bluff.
If you were proposing a counter offer you would not want the sp so much higher.
Let us wait for ii's to play their hand and see what the future for Brady will be.
Another 50k sb at 12.531
And another [on another account!]
Got 345k equivalent. - I have no clue why I can still buy sb's given the free float.
Fingers crossed I read it right!!
Bugger, last lot of sb's at 12.to make 400k.
Buy price for 250k is 14.999 and 500k 1.4 on RSP
Now, if the deal was going ahead at 10p, you would be very happy with say 11 or 12p.
And why would you have offered 12.5p for 1m this am?
And look at the volume - negligible.
No one joining me - haha!!
Well done Mr 87k. Someone with some balls!!
Now 12.4p for 1000 shares.
Thats why I like sbs - they are L2 priced
Final proof
30k shares - 11.001 v 12.4p
13% spread for £3k trade - when its 11% down - yea right.
@Jimzi thanks for your illuminating dealing details. Keep them coming.
But bear in mind Panmore Gordon Financial advisers to Hanover were also very close
to the former Brady management a few years ago when the sp was pushed up to 100p+
Not saying anything wrong in that, just background information.
Laugh of the day
350k no quote v 17.4p
250k is 7.3 v 14.999p
125k - 9.495 v 13.88
12.5 - 11.2 v 12.4
i.e no market cause you would bid for loads at 7p - except there aren't any free float shares anymore!
The problem is that as it makes no sense and so peeps are bewildered, no one is buying,