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Logical and informative post! Thanks.
You make a very good case for both Short term trade and Long term investment !
In your opinion in the event of de-listing, do you think that the Matched Bargain Facility will actually be introduced for the initial 12 months? and why do you think they throw doubt on this by indicating it may not happen.... to worry Pi's into selling beforehand maybe?
Long Term VS Short Term.
Both options will end up fighting each other for the prize, and i really do expect to see above £2 before the meeting ( If an offer has not already materialised before then )
A massive squeeze on the way (imo)
AXA, their 11% is stated on the Ienergizer internet site, they seem to be the only other big shareholder here,
Ienergizer themselves have stated that they are setting up a company matched bargain basis/ sell and buy facilitiy for 12 months and this will be reviewed after 12 months,
Ienergizer have indicated that this may or not continue after 12 months, yes this could very well be to scare small investors into accepting a matched bargain price offered here. Though if the remaining shareholders sit tight including AXA then they can't force the remaining shareholders to sell up at a unreasonable share price, though it may not be ienergizers wish to take everyone out on the cheap remember they publicly stated that the shareholders would be essentially better served share price wise if the company delisted , I'm giving them the benefit of the doubt here, though only because they can't force a unacceptable share price offer at the remaining shareholders.
It's in ienegizers best interest to get small investors to sell out here on the AIM or matched bargain basis facility, because that means they or their financial backers can buy all these free floating shares up , and when ienergizer eventually sells the whole of last of company out to venture capitalists , then the rewards could/ should be substantially higher than anything they pay us in any match bargain basis, also remember if they don't sell off anything soon then the only way they can take out another dividend is to pay everyone the same amount of dividends possibly 20+ pence a share ,
I haven't a clue what the share price will do here at any time before delisting, though it may be a reasonable assumption to think that a sizable proportion of small investors will sell out to take their profits or sadly use up their tax loss for next year, so the share may possibly go down somewhat at delisting, though I genuinely don't know for sure ,because nobody knows that. Also there could be a last minute attempt by venture capitalists to come up with a last minute offer ,though as they've already played there hand out here, then that would be much less likely though not impossible.
If you own a valuable asset, sooner or later that very valuable asset will be under real pressure to reflect its true monetary worth in some shape or form, be that cash ,dividends or even shares in another company , I'm sitting really tight for this to happen in one way or another.
Please please DYOR before making any decisions here.
GLA