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Can anybody help me understand what is the price in short term, say in next 3 months.
I am bit disappointed in the Takeover not going through, do we expect any price triggers soon.
It's difficult to come to a number. I would wait for the Q2 results at least.
Thanks...I am trying to hold till end of Aug.
So when are q2 results exactly , they should be good
I can't be bothered to find the relevant RNA after all the form 8 pollution but last year they were on Aug 3.
Ok i did look back and felt the same cheers
AKGold:- Unfortunately the price will be what someone is prepared to pay for it.
Mr Ergen Plays poker, he understands people and he knows that people are emotional.
Not many months ago people were often saying that ISAT would need a bid of £10-£12 to even get looked at, the expectation was that £15+ would be needed to take it away. In establishing a "failed" bid at a very low level Mr E has taken the narrative towards a "fair" value being <~£8/share.
In short the more we worry about what the share price is this week or next, the easier it makes it for this very intelligent and ruthless player to buy this gem of a company at a knockdown price and take the future value for himself. The BOD should think long term to maintain their position within this potentially very lucrative market, they should not be worrying about what the share price is next week/month (however frustrating the roller coaster may be). And for that matter neither should we as the business plan is built on a longer term time frame than that.
IMHO however - you only have to look at the share ownership distribution (https://markets.ft.com/data/equities/tearsheet/profile?s=ISAT:LSE) to see that >50% of the shares are with 10 institutions so it is these who will make the decisions, and given the opportunity to make 30+% profit with very little effort, the cynic in me thinks that most institutions will accept Mr Ergen's new, greatly improved offer.
Thanks externl.
I know this is a great stock, being tanked down by the market.