Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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you should try being a Stagecoach AND National Express shareholder LOL...... i've lost count of the number of holdings/form 83 RNS's i've seen for those 2 !
In 22 years of being a PI, i have never seen so many issued in one day.
yeah my heart bleeds for them
NOT, hope they lose a bucket load
Let us see what the result is. Maybe on Monday we will get more details.
yeah that's a pretty good assesment.
I am a little surprised in the sag in SP this morning, i thought it would hold around the 780-785 level
Who feels sorry for GLG with a short position of 1.1%? Increased the day before the news, what a shame for them
https://shorttracker.co.uk/company/GB00B89J2419/
My sense is the board seem pretty hostile here and PE always want to scoop a good deal so there is a pretty good chance that the offer is rejected and the SP tanks back to 650p. But there is simply no way an offer can be less than the current price and I don't think can be less than 800. Egos and pride are on the line but do they have the plans and pipeline to justify this? This plays into Singer's hands perfectly, the board will be forced to consider other strategic options and showing their hand if this does end up falling over. Corporate machinations at their finest!
Your logic is sound /i think Ragnor, my only real concerns are whether some peoples egos and over-inflated ideas of current value get in the wway, i've always said there seems to be an out of touch expectation form the board/company that this was worth 1100 a share, in my eyes it's not, and never has been! If that mentality was to win over however, they could scupper any deal.
That said, the business plan for the near/mid term future was certainly not positioning the company to be bought out, so there is no "must sell" scenario to leverage, that said, as they say... something is only worth what someone is willing to pay for it!
This negotiation, I think, has some serious time to run before all the dust settles and an outcome is decided.
900, i'd be happy with that, but doubt i'll remain in long enough to see it, always said i'd be gone at break even, that's now, but we have reached that point not by regular means so to speak, so i'm not going to cut my nose off to spite my face and cell when this takeover news has legs to change the price
I have a feeling it could be on the low side for some.
My guess is the board would consider something around 900p. There are a lot of institutions on the register who would probably go with the board’s recommendation. An offer at 750p would really be low balling it and just waste time and be embarrassing for everyone
Jiddy, You seem a little confused. First of all I wasn't aware its Not allowed as you've pointed out and secondly you've then gone on to offer the advice I requested... so which is it? Anyway, thanks for the figure, that's all I was looking for...
£1bn /133m shares = 751.9p
That seems to be the indicative offer…how much more triton are willing to pay we will only find out if an auction ensues or the Board holds out for more.
A knock out bid where the Board makes a recommendation and would have to pay a large break fee is higher….prob less than £10.00 but a good bit up from 7.50
The SP has historically been been between £4 & £11 in the last five years.
£8 is my guess!!!!
Who are you talking to phax?
You are asking for financial advice, which is NOT allowed on here!
HOLD or SELL - it's your decision.
The board should not agree a deal that undervalues the business. They have AZN as a model of how to resist….but they have to make the case for independence too.
It would be pretty galling to see a bid at 1bn succeed and then see the business back on the market in three years time at 2bn.
The pandemic continues to affect cancer treatments, but there are bright spots where trading is strong…let’s hear what an independent future looks like….it is not the 600p recently available in the market.
Goolang - Cheers, I have now read up. I think I'll watch it tomorrow and see what happens. As I say I'm not in deep so no stress as such but 900p would be nice if achievable...
phax71, see discussion below. Anything between 7.50 and 9 is where are at i think in the betting stakes...
Hi Guys, Never posted in here before.
I bought into this as a potential Swing Trade back in June on the heavy fall, obviously that didn't quite work out for me..
Anyway, I'm not deep in here and wondering whether to take a my bag and run or perhaps sit it out and see what's thrown on the table in the form of a potential offer, or even to watch a bidding war break out..
I'm obv gonna dig through todays posts and see what's been suggested but I'm interested to know what folk think we're REALISTICALLY worth in todays market.
Got the alert todays whilst at work and its been interesting seeing it rise throughout the afternoon. I'll see what tomorrow brings and if its positive I may well duck out... What are your thoughts though, where do you see us at SALE?
Respect to anyone who locks in a profit. So many small investors fail to do it time after time.
Can't blame you, could get messy here. Board will think its worth more than the offer no doubt, but perhaps there is enough of a disgruntled base that they can get a hostile bid over the line. A low ball offer could also expose the company to a bidding war. There are at least 2 parties now which think that the company is undervalued. How many more are there? At its peak it hit 1200p and big things are being predicted for the pharm sector. Although they don't have a huge stake having Eliot on board should make for some drama at least
I'm out too, happy with my profit
I don't know either how Elliot will play it, but I won't be around to find out having taken that 20% return this lunchtime. Ammo is required in this falling market! Best of luck investors.
We need 900p above offer, Clinigen is too valuable below that price!!
Wonder how Elliott will play it? They were buying in the low 600p through summer and saw value presumably in a break up of products and services. I'd speculate they'd want a better return than ~20%. As would I.
These guys will be out to get it as cheap as possible, you know it’s how they play the game. Probably why the share price has been suppressed of late ..7.50 to 7.80 would be my max guess…let’s see..