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Theyll be bidding each other.... interested parties plural . Gla
Filling big order I think ,top stocks on twitter shows a price of £2.55 -)
Piles of A trades going through now. Green light from managers no doubt.
Team internet valued at 190 million less 30 million owed leaves 150 million ,that’s around £1.50 a share ,that’s my take on it .
Going through recent rns releases i would say 6p is a minimum target price here in the very short term. Have taken a position and will spend the afternoon researching before investing heavily (even though im inclined too off the little i’ve read)
The mms are trying buy they cant keep a lid on this at all. Look at level 2. Every small sell instantly matches a buy, order book is full. Looks good for you guys.
That is a fairly massive valuation, absolute bare minimum this will be debt free. But potentially tens of millions in cash.
No reason it won't match that in UK today
As they have several offers, they wont accept a low $36m offer.
"the "Company") announces that it has received several non-binding offers to sell all of its shares in Team Internet AG ("Team Internet"), namely 90% of Team Internet's share capital."
Is 6p really possible today? Thats the rumblings on twatter
Up 120% in Tel Aviv
Covers the debt wont be much left then what..
OR....
Is our 90% of T.I. worth £150 Million to us and the current Mcap is only £4 Million ??
The S.P. seems way too cheap, Way, Way too cheap !
Nice to see the rise and I’m not ignoring the positive sound of multiple offers (in theory other bidders know $36m is the lowest offer to beat) but don’t forget the last offer. GL
“The main terms and conditions of the Sale Offer are:
Consideration - cash consideration in the amount of USD 36 million, payable on execution of the definitive agreement for the Sale Offer; such consideration shall be first used for the full payment of the amounts owed by Matomy to holders of its outstanding convertible bonds (the "Bondholders"), which currently amount to approximately NIS 101 million in principal, plus interest.”
Wow! 4p gone.........
So ....
Our share is $166 M Minus £30m debt ??
Is this correct ???
Afternoon C. I know it won't happen but based on the actually numbers you're looking at an SP of £2.55...
All good
The small £1000 punts are giving way to big money entering now
Will this do 100% today? It's possible
20 min delay but showing up 60% in Tel Aviv
Bought a few its cheap now with severel offers on the table.
Matomy only own 90% of Team Internet, so would only receive 90% of the $185m, if that was offered. I suspect the actual offers are lower, but the company hasn't said and there are multiple bidders so who knows...
Ridiculous potential off the back of that rns