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Back she goes, smart holders sold last week...
The offer is a joke if your holding shares here 80p minimum a share. How they can offer roughly the current share price is beyond belief.
Recent offers. music magpie had 2 interested parties bt and another they both walked away with out an offer and the sp dropped and is still open to offers.
Ted baker had a offer of 135 that they turned down that was then withdrawn then they accepted and offer of 110. to the dismay of all holders. Vodaphone have are also in a linbo mode.
in conclusion there is no certainty what will happen here not a time to buy more
Quite obvious what is happening here with Elliot - all about a placeholder to extend their own walk away date to 16th - to watch the JD. hand show.
This is going to be a scrap as both want our shares - enjoy the ride.
No way did they think that 62p was enough not the 67p figure. They are holding back and will shoot north of the BoDs 75/80 indicative - 95 wins this one.
"could fall back".. Already has. Now at 66p which is equivalent to the most recent offer.
This could be another one of those offers that wants to grab a company really on the cheap and where there will never be a higher offer than say 67p-69p and they all walk away. Don't get carried away thinking there will be a much higher bid because there may not be and the SP could fall back.
Only way this offer makes sense is if they know JD aren't likely to offer or are considering something around this figure too. Otherwise bunch of chancers.
Awful offer. Tell the vultures not to bother unless north of 80p
Please can BoD quantify significantly as that would seem to be useful to temper the shareholders expectations.
That means to me 1bn mkt cap or much more.
A bad faith move by Elliot ... jog on a d do not bother bidding again. Would rather take chances on a recovery with dividend or JD. bid.
Now ABE for me. (Anyone but Elliot)
They're having a laugh offering less than current share price.
"The Board of Currys considered the Second Elliott Proposal, together with its financial advisers, and concluded that it significantly undervalued the Company and its future prospects. Accordingly, on 26 February 2024, the Board of Currys unanimously rejected the Second Elliott Proposal."
... or the deadline for Elliotts could be extended. Need to see JD's offer.
Agree the BoD want this wrapped up, who wouldn't if they stand to profit. But I'm confident they'll wait to see an offer from JD before accepting Elliotts bone that has just been thrown.
Under the rules of the game, Ellliots can walk away and re enter the fray on the 18th March but only if JD make an offer. Otherwise they would have to wait 6 months before having another go. The reality is that the Curry’s BoD will want this wrapped up asap, so would be surprised if it goes all the way to the 18th March.
Elliotts really want to pay rock bottom for Currys. I get what they're doing, they don't want to come in with a full and final offer until they see JD's hand. If Elliotts say "£1" now, then get into a bidding war, they're shooting themselves in the foot. Hence they're registering their continued interest, but keeping their cards close to their chest. Would be good to see JD's counter now, but I wouldn't be surprised if JD are going to watch, wait and come in at the last minute with their final offer, especially since they have until the 18th March, they can afford to wait.
Low ball offer reported on sky news of 750m from elliot
Shorts scrambling to close? The price movement on my screen was so fast I couldn’t keep up ….lol
This has Morrisons written all over it. Everyone expected a bidding war and then zip.
75p max from anyone mad enough to buy it is my prediction. That or walk away and back to sub 50p.
Wow, super twitchy market. Shows how far behind the news average investors are. Also shows what's likely to happen given the number of institutions in Currys right now.
"One shareholder in Currys questioned Elliott's logic in submitting an offer of less than 70p after analysts and shareholders suggested that only a range of between 75p and 80 was likely to persuade the company to engage in discussions."
I think Elliotts are now waiting for JD to make their move as they expect the price to settle around the 80's mark. That was a shrewd next offer. Keeping their powder dry...
Https://news.sky.com/story/predator-elliott-returns-with-750m-bid-for-electricals-chain-currys-13082128
Another offer…. JD working on their bid
Or clarity on the price to be offered...someone deffo god wind of it.. but there are player in the market to moderate the price.. they will just open a short position and cover this rasie!!
Higher offer on the way and a bid battle may ensue. Only around a couple of weeks left for bidders to pounce.
And volume…..offer on the table?
SP just jumped... Any gossip?
It’s not reported.
The retail web sites guess.
I've just bought 10k at 0906hrs ..interesting that there's a 10k "Sell" reported
Same type of thing with Tullow Oil
So im not going to pay any attention for reported trades in the future