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Yeah didn't say I thought it was good advice. Just that they were most likely advised. I am in agreement that putting yourself up for sale leaves you on the back foot. But we are where we are and 2 potential bidders is more favourable for a higher price and 140p will not get a deal done in my opinion
Is this the same brokers u mentioned gave them bad advice as per one of ur previous posts StockSurfer? I recon 140p on Friday or early next week ;-)...u heard it here first
I'm assuming the strategic review was based on advice they were given by brokers e.c.t who though there would be good appetite for the company. At the time was due to market speculation I think they said. Now 2 potential deals to be made so would likely see a more favourable price I would think. If bids are low equals and shareholders can just walk away. I don't think a deal would be done at 140p with the current SP sitting at 123p
If the bids are low what can Equals say "we want 160p really mate" and the buyer will go "u came to me mate. I hadn't even thought about buying u in October" its a totally different conversation if someone knocked on Equals door but they didn't so I really can't see anyone falling over themselves to pay up. Its now just a case of how low Equals are willing to go to get a sale done
I'll 100% do that. Its gonna be 140-145p. I personally don't think they should sell it for under 160p but I recon the bids are in the 130's range and ='s are gonna get a deal done no matter what. The board will recommend it but maybe the shareholders will say no after its announced but I doubt it. Its taken Equals years to get up to these levels. As I mentioned recently re Shift4 in the US. All the bids they received were way too low. Why would it be any different for Equals? There are loads of payment firms in the mkt. In 10yrs time there will only be a few. Would u pay top dollar on a firm that may or may not survive in a few years time? These bidders currently don't fancy taking the gamble by paying top dollar. I'm extremely disappointed but its gonna happen
Agree with that Zebbo…
I hope they dont sell below 1.50, as we will get there on our own merit within a few short months. Results along Q1 update will pave the way....
We have 2 interested parties that we know about, relax and watch it play out. With the current SP is a win win either way IMO
Zak a virtual fiver bet says no deal under 160p.
That even gives you some leeway.
If you are right I will stick it in the charity collection jar at my local and you do same if I am right.
All done on trust of course if you up for a ‘virtual’ wager. 😁
I sure did but I think the bids they have received as so far off the co has had to lower its expectations. If the bids were at 160p or close this deal would have been all done by now and on the basis of all the extensions ='s are desperate to sell. I recon the deal price will disappoint a lot of people. Just my thoughts but if I was u Dubliner I would get those snow mitts ready
Zak, you said previously that EQLS want at least 160p (you said 'trust me on this') yet you now are suggesting there is a chance they would accept 140p or 145p max.
I don't see a snowballs chance in hell of that happening but we will know soon enough.
When this deal is done at 140p, maybe 145p max. That's the difference between putting yourself up for sale and someone approaching them :-(
Makes sense as all sales are being swallowed up. Still think there is little in the way of TO premium in the price. Good results (as already flagged) should be more than enough to support £1.50 as a stand alone IMO.
So to answer the question, may not be an acquirer, just a fund that sees value
Having studied the daily trades over the last couple of weeks it seems to me that someone ( potential acquirer ?) has been/is using a VWAP ALGO to acquire as much as they can under the radar hence we are steadily drifting up. Has anyone else noticed this? My evidence would be at the higher vol parts of the day so, on open, 11am, 2pm and close we have a buyer steadily acquiring stock at mid. Hopefully this will continue and increase the closer we get to the results and the latest offer period backstop date.
Some sizable buys, thats why the bid has followed the offer so closely today
Didn't notice that the 50p spread is tighter than normal its usually 1-2p. Must be as the volume is higher lots of trades going on and good liquidity. Hopefully bodes well for a break to the upside as opposed to the downside.
Some bigger single trades pushing through. Not seen the spread so tight before. Question is does this break to the upside or downside..
Not really sure don't particularly understand most of the RNS forms but seems like goldman have disclosed a few trades due to connections with madison in line with take over rules.
Had some good volume yesterday over 2 million shares hopefully the same will continue.
Good to see today's rise, but can anyone explain what Maddison Dearborn have been doing with the various 8.2/3 disclosures over the past few days please?
On there own should drive the SP higher. I see no TO premium within the current SP
Good start back after Easter break nice to see indeed maybe offer incoming soon
The first trading day after Easter sees a positive start with good volumes and increasing share price. There is bound to be a few traders in the market for shares in the next few days. Expect to see some volatility in the lead up to the results. Enjoy the ride.
Positive news flow from Investors Chronicle as a buy rating and well publicised as a fair price at £1.75p with a 45% uptick.
Only a couple of weeks for a decision on takeover and hopefully not an extension…
GLA
Hit 119p a few times today. Seems like volume has stayed up as well. Maybe some buying before Easter to get in and use up ISA limits and any remaining tax benefits.
Some chunky trades being worked through with SP remaining static
MDB were always waiting for the final results,thus April decision.Question is why are so many people selling?Even with two people bidding they obviously think that it won't happen.The whole thing is very unusual.