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In the lead up to annual results you normally expect a bit of movement in the stock, maybe there will be a few late buys. I am however, unless it is less leaky that most Companies, expecting an inline result, there will be no takeover . I hope I am proved wrong but I have my doubts.
And I agree, its getting embarrassing now these talks. Either they want it or not
Lets just say its a feeling. Anymore than that and I might get in trouble. 100% Tower aren't getting it
Zak - why do you think that? Surely the board would lose all credibility if another xtn?
Change of view. We are gonna get another extension FYI. TowerBrook are gonna pull out. Conversations with MD are ongoing STILL....
I’m with Zebbo. Anything under £1.50 would be a disaster for shareholders. Yesterday another share I hold received a takeover approach and I was slightly disappointed that the offer appears to have been accepted. There is a lot of interest currently in UK small caps, because they are undervalued. If we don’t get at least £1.60 I would rather wait and reap the rewards as the Company grows.
Lets face it Zak knows Jak ...:-)
I say, stay as we are if offer is under £1.50. SP will soon move past 1.50 based on progress to date
As they say in Billions "how certain are u?" "well I'm not uncertain" 140p at best
I heard the bid from Railsr was truly pathetic
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..