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I like your optimism, thought price action fell a bit flat , let’s see how the next month rolls - Gla
175p + I'm hoping for.
Or higher? based on the trading update I am guessing 1.60 will be the final take out offer
Agree DJ still very cheap.
We now have 2 interested partie so competitive tension.
We have results and Trading updated 16th April and then 'Put up or shut up' for 2 Companies by 5p.m 17th April.
Things likely to start warming up here and maybe another party will now show their hand...
Still cheap at these levels. Hopefully this will see a big increase in interest and corresponding increase in SP.
Enjoying the early movement
After reading RNS seems like Towerbrook and Railsr want to buy equals. 2 potential bidders now. Maybe a little bidding war will ensue.
Sharp spike. Will this continue and if so, how high?
Yes this should spark 🧨 a bit of movement on the sp
However after a quick Google of railsr I would hope equals stays well clear. Looks like they are a company looking for a buyer probably because the Private equity funders are fed up piling in cash.
Interesting indeed, could be getting to crunch time
Nice to see a little trading update. 28% growth rate is amazing and if it continues as the board expects will see well north of 100mil revenue this year.
Rns reads well as though the board want to put too rest any concerns about the strategic review affecting the ongoing running of the business too.
Thats the most important aspect, deal or no deal
Continuing strength in trading. After all this time I think there will be an offer. Maybe not a winning one. Not completely clear about the wisdom of putting it up for sale. Good promotion for business ?
Possibly levantic but that is good for us shareholders.
We are now seeing very solid numbers for this FY and if MDP want to do a deal it will need to reflect this and should be well north of 160p
I had a suspicion all along that they were waiting for the full year results before making a decision.Chinese water torture!
Extension expected. I would not expect any deal to be in line with this expiry date
Yes Oakham per below….
In the light of this request, an extension has been granted by the Panel and, in accordance with Rule 2.6(a) of the Code, Madison Dearborn Partners LLC is required, by not later than 5.00 pm on 20 March 2024
Last couple of times it’s been a 7am RNS, I just want a decision either way.
Hi,
Is the deadline 5 pm tomorrow? When do people expect to see an update …
Appears to be a little positive movement in the shares today. Could we be edging to a conclusion?
Just hoping it’s sorted either way this time. Another months extension would it to the results. Still looking forward to 1 month today (well sometime that week).
Had some bad advice from advisors for sure. Going out asking if someone wants to buy is never a good idea. I strongly believe shares would be much higher now if strategic review hadn't happened in the first place. But here we are. Just a waiting game now. Would be nice to get a bid for some quick cash but would also be happy if nothing materialised as long term company has some bright prospects
Adding to last post.
Our SP hit 121p on 20th Sept shortly after the interim results from last FY.
We are now around 106p with a supposed possible bid / takeover being discussed. It seems to me if the strategic review was supposed to realise value for us shareholders it isnt going great right now.