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Anyone know what's going on?! People still buying more than selling. Is another
offer coming from a third party? Fingers crossed!
Pobs, briefly scanning the huge amount of RNS's:
Apax / BC Partners / Ken Bidco / Valtech are all the same outfit in some complex layer cake of company arranagement unless I am wrong?
They have offered 110p / 120p now 130p and removed the final offer limit.
So who is the competitor bidder? Is there one?
Cheers - ALW
Looks like APAX are unloading, for a nice profit, but hopefully we can still get a better
offer from Valtech who appear keen to buy. It might be a Happy New Year for the long
standing shareholders!
...and it creeps up again. 130p now.
Pity for all the PIs that sold out at 110p.
There’s the better offer. Another 10p, circa 9%. Still about 80-100p light. I also note it says final offer.
I hope the major shareholders tell them to do one and call for board changes.
Is there nothing we shareholders can do to stop this? It is indeed scandalous.
People are still buying so do they expect a better offer is looming?
The SP peaked at 248p last December and was steady at 220p for a period before the Profit Warning from the Company.
Recommending Shareholders accept an offer 110p is scandalous. The BoD should stand down and let people with vision and integrity do the job.
I think the BoD have got themselves in trouble here. There's definitely a momentum building to vote against,
A quote from Coast Capital, a 5% shareholder - 'The Boards behaviour is incomprehensible. They have demonstrated to us that they're incapable of looking after shareholders best interests' - Sunday Times
No doubt looking after their own though. I'll be holding and voting against.
The more I think about this deal the more it annoys me. So under valued.
Times article today suggests the same.
Are there enough people outside of those looking after themselves to vote against it though?
Negotiations should start at 150 not finish at 110. Grrrr
A very disappointing outcome. As a LTH since the St. Ives days, I've no doubt the solid base of the co. would have taken them back over £2 in time. Now rather looks as though the recent drop in price was possibly engineered. I note that OnTheMarket are recommending an offer at the same price today (110). The only difference being that it would be hard to have lost any money if that deal goes ahead, whereas I imagine a lot of shareholders here are licking yet more financial wounds.
O/T to get into CMET.
Winners are the managers and directors who recommend acceptance plus the buyers of course. They will continue to prosper.
Once again the losers are shareholders who get short changed. Only saving grace is that I have funds to invest elsewhere and hope to pick a future winner.
May well surpass 110p as other interested parties show their hand.
Interesting day. GL.
110p
Disappointingly under valued. Comfortably worth 50% more and if held for another 12 to 18 months it would be.
Not impressed
It could make it to 120p but how long is the key information - certainly not anytime soon I don't think
50% not 555
120p is 555 upside from here so that would be great
KCT seems to be over the worst and 120p seems to be a bar as this is where it dropped from after the initial sell off.
Next bit of good news should see a rise. Dipped to 55p rallied to 95p and now back to 80p over the last few sessions.
Place yer bets. DYOR.
Seems that Kin + Carta lost its mojo when J Schwan exited back in July 2022. He was a very convincing speaker and had pushed the sp to dizzying heights - most probably well in excess of where it should have been.
Difficult trading, loss of the coop and some other clients meant a drop back down to a realistic position, but having sold in to big IIs in the run up we've seen a big fall as they bailed out once the price dropped.
This now appears to be over and we may again see a rise but I don't think it'll be anything like to the heights of the past given the lack of a star CEO to bedazzle the money men again.
Just wonder where the benchmark should be for this? 120p seems the first hurdle.
Approximately 4/5 month accumulation, sideways congestion, providing fuel did the sp, break upward . The falling major down trendline and overhead supply from trading at higher price levels , coincide for a reasonable future price projection, at 170. RSI, is above 50, in weekly and daily charts confirming the uptrend is valid. Both Bollinger bands are heading upward, confirming that volatility is skewed towards upward momentum .
Huge Buys. KCT was treated ridiculously by the Market, with a huge sell off by 2 Institutions on the back of not particularly bad results in difficult macro conditions. Good to see a very strong and sustained recovery underway.
Looks like Blackrock taking advantage of the massive over sell.
From N/A to over 5%
Ha! Now +25%. I don't believe it!
Ooh, or over 20% is nice too!
Over 15% up for today is a good start though. No need to be greedy!
Yes, Mary, 33% up from here to over £1 is my minimum expectation, so sitting tight for that.