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Year high 59p and rumoured buyout boom imo
https://thenextweb.com/in/2018/05/09/walmart-is-buying-flipkart-indias-answer-to-amazon/
MASSIVE INTEREST IN THIS SPACE Walmart bought Indian Flipkart for $18 BILLION!!!
Flipkart – India’s largest online store – will be acquired by Walmart, the world’s largest retailer.
According to FactorDaily, the US-based retail giant is buying SoftBank’s one-fourth stake in Flipkart for between $4 billion and $4.5 billion. In addition, it will grab a 71.06 percent stake for $15 billion. Alphabet, Google’s parent company, will also grab 5 percent of Flipkart’s shares.
Hard Fork
That brings Flipkart’s valuation to roughly $21 billion, and makes this deal the biggest acquisition in ecommerce history worldwide. Walmart had been negotiating the purchase for 19 months before finally getting what it wanted.
It makes sense for Walmart to take an interest in India’s burgeoning online retail space; Morgan Stanley predicts that the market will grow to $200 billion by 2026, at a 30 percent compound annual rate.
Interestingly, Son revealed news of the acquisition in Tokyo hours before the scheduled announcement from Walmart on Wednesday. During a call with investors, he made light of the gaffe:
I think we announced it last night.
If not, well then that means I’m just spouting this out. In any case, it’s been decided.
That’s perhaps the biggest ¯\_(?)_/¯ I’ve ever heard of.
It’ll be interesting to see how this shakes things up at Flipkart, as it’s neck-and-neck with Amazon India; there’s hardly a single percentage point’s difference between the two companies’ market share in the country. The Economic Times reported in March that Amazon led the race in sales in major metropolitan cities, as well as in prominent categories like appliances and groceries. The battle to win over India’s shoppers is certainly going to make for a fun watch in the coming months.
Buyout on the way could do 500 Percent today imo
Looking at 20p over the next few days
Smash 10p at this rate
10p looks possible today. Up 135% now
Something is up and my guess is a buyout. I’m in. Good luck all but look where it’s fallen from. First target 10p
Let me try again, bloody key pad. Family run management need to get someone in who knows how to run a business. Mismanagement has let down shareholders. Possibility of a takeover. Still hope even if the boat is slowly sinking
Family run management need to get someone in who knows how to run a business. Mismanagement has let down shareholders. Possibility of a takeover. Still hope i is a this sinking ship.
Rns,not shown up yet .societie generale buys 2m shares.Takeover code .
Perhaps very cheap buy at 2.9p .considering this floated in the £2s+ when it was leaner.Still a dynamic space to be in if recessions beckon imo .
Bet ashley gonna be buying back soon .Take the lot for 7p i reckon.
Just grabbed a few .looks well oversold now.
no
The Strategic Review will consider all types of corporate activity, including options to raise additional capital to support the ongoing restructuring and rationalisation of the Group, reduce the Group's debt, the sale of certain parts of the Group or the whole of the Group and de-listing of the Company's shares to trading on AIM.
I wouldn't!
Hit stop losses ? Maybe worth taking a few i guess .
Let's hope Adrian didn't back up his massive recovery assertion with too much cash.
Why do you think a recovery is coming?
March 2018 SP, 115.00, May 2019, 5.50. Massive recovery coming.
So the company sold their main UK trading website, which was bringing just 5% total revenue and was a liability. Now company is concentrating on the stronger markets in Australia and New Zealand.
Hmmm? Perhaps next year.
Just bought at 14.86 but it's not showing......something going on
it's going up fast, can't buy..... what's going on ? takeover maybe
I would like to average down but the spread is massive.
Hoping for a share price recovery this year. Indications are looking positive. I reckon Mysale, Quiz and Mccolls are the best retail investments for 2019.