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Indeed that’s what I think
Very possible but as you say if there was no constructive dialogue they would have already announced as Elliot.
Times I’ve seen the board take the weekend to finalise a deal. After all it’s a big deal for them
Agreed
If they weren’t interested I think they would have walked already
To go Monday 18th 5pm or before
Sorry wrong site
Finally digested so now lets see the final 90 mins?
Did well considering
I just can’t see JD walking away. The larger Chinese companies are clearly trying to buy up and take over businesses in Europe to tap into consumers here. This is a rare opportunity to do that with Currys.
Guess if IC get their way it is a SELL today unless JD.com tickle the directors fancy.
If only we had Hunter Biden or the Big Guy negotiating on our behalf.
Https://www.sharesmagazine.co.uk/article/currys-batting-off-bid-interest-is-something-to-be-welcomed
Getting a bit twitchy. Would expect to see an extension request by end of day tomorrow, otherwise there will be information for sure Monday and most likely some action on the w/e.
Well still no statement from JD after first reporting there interest for me something is cooking and if it does Elliot may come back with another offer after cheeky first 2 offers good luck all.
Of course I am, patience is a strong point, goodness knows you needed it in TRN although picking the ripened apples now.
There is always a trade to be had and if one can sell high, buy back lower or the reverse and average down then one should.
If it flies up, great however the risk must be to the downside if nothing emerges although am content to see an offer on the remaining shares one holds :) GLA.
The way I look at this is 25-40% upside potential on a bid. If not, falls back to 49-50p and recovers gradually in expectation of recovering business or another bidder. Remember we were trading at 60-80p only just over a year ago. So we’ll get back to over this level if you are prepared to wait a few months.
Frasers bid - not happening - Mike want involved in the UK retailers to get exposure and a say if he gets the chance to pick over bones.
Best bet is a JD.com offer around 90p - guess that is really when we are and the BoD is probably going for an agreed bid to allow their gravy train to keep coming. Issue is that the funds want higher other than the speculative short termer funds and many are in even higher so that is a sticky point for the BoD.
Best guess is a walkaway without a formal JD.com bid and the usual undervalued the company statement. However feel that there will be another round before the KO.
I think this has become a good punt at this price if a deal is negotiated, I believe there is more upside than down, also they have sold the Greek operation that I believe would have had a positive impact on the share price without any potential takeover talks, so it is a case of no takeover and share price back to 50p or takeover at ???(but at least 70p).
Indeed rinse and repeat and be glad if you trimmed. Looking back I trimmed at around 67p on 21st & 28th Feb and it is all I can do not to rebuy some sales.
Sub 50p will double up again. The share that keeps on giving.
What’s the worst that can happen, nobody bids and we go back to 50p. Then the patient 6 month wait as we rise again in anticipation of a renewed bid from Elliot
I think JD will work over the weekend and out in an offer Monday
Fascinating nobody talking about Frasers putting in a bid. Interesting few days ahead
Recovered well and came back with volume.
Looked like someone with DMA access was buying the bid with iceberg orders as they took the price down then reversed and bought it back.
Someone accumulating in a low volume market.
JD.com Full results posted on March 6th. EPS missed expectations, but a better than expected revenue rise. Also interesting of the prediction of a Beijing-led consumer recovery. Suggests why they might want Currys if their earnings are lower but the foresee a consumer recovery. They want a larger piece of it and Currys will help them achieve it:
https://finance.yahoo.com/news/jd-com-full-2023-earnings-130039247.html
and
https://finance.yahoo.com/news/jd-com-approves-3-billion-105709827.html
Certainly their share price has been steaming up so far in March and hopefully this will give them the incentive to make their offer.
Expecting a 75-80p offer from JD.com and then they wait to see if Elliot or anyone else moves?
Yeah I bet Elliot didn't like having to go first. Wouldn't be surprised if his words "following multiple attempts to engage with Currys' Board, all of which were rejected, it is not in an informed position to make an improved offer for Currys on the basis of the public information available to it" were an excuse to pull out so that JD has to bid next, and then Elliot can see where next to position his third offer. Lazy or just plain shrewd, forcing JD's hand.
Elliot's date was the 16th.
I believe that's why Elliot pulled out as they had to bid before JD.com
Now once JD.com bid Elliot can if they like re-enter?