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Yeah if you look at the filings, someone is accumulating via equity swaps, and Morgan Stanley is the counter party.
Massive £3million buy on the bell. Possibly Morgan Stanley continues to build. RNS tomorrow will hopefully confirm.
i am still waiting to buy back under £15
155.8 million
Yes they have inreased their stake now to 7.6%.
Anyone know how many £millions that equates to at today's money for MS total investment here?
So, Morgan Stanley have bought 2.1% of the company since 22 Feb. =43 million give or take
New RNS 06 March 2023 (today) - Morgan Stanley have now increased to 7.6% holding.
They are building quite a significant holding here.
Anyone who’s been here for a while know if they might issue another buyback? Where the last 2 buybacks due to some of the big hedge funds like Scopia putting pressure on the company to return capital?
A massive £2million buy right on the button this bodes well for Monday.
I agree massively oversold but we are going to see the sp back up in the 1600s early next week IMHO.
Great time to get in currently at these prices which is only £3 in old money (pre consolidation).
https://*********************/newsfeed/article/indivior-plc-completion-of-share-repurchase-program-1736844
Possibly contributed to the recent SP fall ... possibly oversold now given the impending US listing. Thoughts?
Hadn't meant to, but the recent drop seems to me so overdone I've added another 260 at £15.23057, taking my average up to £6.60
1st March 2023 - As previously announced, on November 13, 2022, Opiant Pharmaceuticals, Inc. entered into an Agreement and Plan of
Merger (the "Merger Agreement") with Indivior Inc.
Proposal No. 1 - Adoption of the Merger Agreement. The stockholders duly approved the adoption of the Merger Agreement.
Based on the results of the Special Meeting, and subject to the satisfaction or
waiver of certain other closing conditions that by their nature are to be
satisfied at the closing of the Merger, as described in the Merger Agreement,
the closing of the Merger is expected to take place as soon as practicable on a
date no later than Monday, March 6, 2023.
Share price boom time!!
1800p coming fast.
Hopefully not yet….would want this to rally to 2500 after the NASDAQ listing, then get bought out by a US firm at a nice 50% premium.
Should be considered a target by a US group at this depressed share price. They will be more than familiar with litigation and comfortable with the outcome.
Numis set a target price of 2,350 GBX for the company, which when compared to the Indivior PLC share price of 1,530 GBX at opening today (28/02/2023) indicates a potential upside of 34.9%. Trading has ranged between 1,260 (52 week low) and 7,154 (52 week high) with an average of 498,970 shares exchanging hands daily. The market capitalisation at the time of writing is £2,075,184,925.
Today's article (link below) - Indivior PLC with ticker (LON:INDV) now has a potential upside of 34.9% according to Numis.
https://www.***************************/indivior-plc-34.9-potential-upside-indicated-by-numis/4121108176
They are not too bad a lead to follow
Probably acting as Prime Broker for any number of hedge funds behind the trade. Nevertheless, smart money for sure.
New RNS just released at 4.15pm today - Morgan Stanley have increased their stake in Indivior to 7.05%. Excellent news!
When a giant is increasing like this for a long term hold this is only positive for all shareholders of the company. Bring on 1600p as the next stop.
Final results? Link?
Read final results regarding antitrust litigation.
Sounds like you really want it to fall. What is your fundamental basis for this?
The outstanding court case that worries me.
Yes I believe this will fall to next support of around £14.45
Has this got further to fall.