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Hi airlineboy, I had the same thought..another RNS later today? Maybe the DHSC have seen the upward curve and thought 'bugger, we are going to need more PCR tests after all'....good to see blue again.
@Bob,
Think this is the right link.
MS
https://static1.squarespace.com/static/5fcfb6a6de407d5e35d28f10/t/60816db74fbe6204af35df8d/1619094970622/LumiraDx+-+CAHC+April+2021.pdf
@Bob, this is not the presentation link but it's a good start.
MS
https://novacytinsider.com/poc-wars-part-i/
Gotta a link to the lumiraDX SPAC presentation, Shear - have tried the internet but not too much time to search further - THANKS VERY MUCH.
Us Suffolk boys are REALLY excited! What would really make mine and Dylan's day (he's off school today) would be to see Sharehunter3 turn up. Those French buying and selling and probably missing out and the possibility of a second even better 4pm rns would really make our day. A NASDAQ listing would also be pretty amazing - maybe soon. I'm not convinced by a possible take over but as long as it's way above £12 (better at Pork's £54) we'd be over the moon. GLA
@triumph1
Not sure why i m bothering to reply as you are the biggest de-ramper of this stock since day memorial. Hopefully you have a short or spread bet going wrong.
1. GM is NOT going to sell his Company at less than he personally invested in it
2. There is a going rate for Diagnostics - numerous deals completed
3. A low ball offer would be quickly superseded with a higher offer.
Not just private equity groups that would want this and sell off the separate divisions you also have other diagnostics businesses and all the biotechs.
If this business is sold it will be at the market rate not as a fire sale.
Pork's
MS, What Triumph means is , he is really excited about todays rise as he is invested here and very long , like me :):)
Shearclass, exactly!
Good suggestion to reread the lumiraDX SPAC presentation.
MS
Some people think they know everything - I think it's clear that triumph1 falls into that category. Takeovers come in all shapes and sizes and are by and large incomparable. The premium paid is often arbitrary and depends on how much the buyer wants the assets, in the case of Nova then you could well imagine why someone would think £12 a share or an EV of £10 a share (£840m - say £150m cash) would be a price worth paying.
As I referenced several weeks back, if you want a taste of what I believe our 5 year strategy will look like, then review the LumiraDX SPAC presentation...
Especially with the appalling way EU & particularly the way Macron have treated Astra - EU more interested in their ego's than the welfare of their people!
Of course triumph, whatever.
You're making assumptions about me and what I paid. More nonsense.
Takeover code. Haha. Like that is going to determine what people pay.
Sxx, again nonsense, haha. A mega risky project using technology not tested to such depths and a massive finance required. You compare sxx to ncyt and call me delusional.
Get real and stop the nonsense peddling.
MS
Bluelight that T/O rule to which you refer means the SP paid by the offeree for the T/O, therefore if AZ had bought shares at £12 in the last 12 months then T/O would be £12 or above. This effectively stops a company taking a position and then driving SP down for a cheap T/O.
Yup, that worked well for SXX and countless others moningsun. I suggest you actually read the UK takeover regime and then you can read back your post and have a cringe moment regarding the naivety of it. The SP has everything to do with it and little else matters including what you or i want. Your perception of value here is completely distorted and has a lot to do with the price you personally paid! IIs and PIs buying now will say thank you very much if they got offered 30-40% extra overnight and run.
If you actually believe that somebody will come along and pay a 350% premium then obviously you are beyond reason. But ask yourself one question.....would you? if so i would be very happy to buy as many shares as possible and sell them to you for £12.
Crabs ramping aimlessly as per
indeed blueigeruk. As a general rule, the price paid is usually the highest in the preceding 12 months. The SP is approx 70% lower than the highest in the last 12 months, plus plenty of uncertainty remaining so why would anyone pay top whack?
The much safer thing to do from a bidders perspective is to wait another year for the SP to find some sort of stability, then bid. GM must be aware of this, and will be working his arse off to fend off 450-500p bids that will undoubtedly come through next year if the SP continues to languish around here.
Exactly Morningsun..!!! Some people here has no idea about how M&A works, but we have to learn everyday.
Hopefully, they will understand soon..
I truely believe that when audited 2020 figures are announced and something of a more detailed forward looking statement is produced the negative sentiment will subside and this will rerate massively. I'd admit to probably accepting a t/o at £12 given where we are now but no chance I would be selling any of my shares at a loss as I still believe that the future is bright for Novacyt and it will generate significant revenues of min £70-£100m post covid due to R&D and acquisitions made possible by its Covod warchest. Yes normal t/os may give 30% premiums but these are not normal times and Novacyt not your normal company.
What a loafdof nonsense on this thread.
As if the SP has much to do with it.
If there is an offer for the company at 30% premium to current SP then no-one will accept.
Very simple.
So ANY offer would have to be seriously higher then where we are now otherwise the company will not be sold. There is no way the BoD or PIs or ii would accept.
Just learn the history. How on earth do you think GM is going to accept ANYTHING less than what he paid for just months ago.
He would rather build the company to full value. I'm very sure of that.
Get with the program!
MS
Blue, the T/O most of the time are negotiate about the 52 weeks higher. I believe this is why the posters here are mentioned £12.00
You are forgetting the rule which doesnt allow a takeover offer at less than the highest price in the last 12m. Else it is easy to manipulate a price down and offer a low ball price. That rule prevents that, henvce £12.2 minimum offer. 40% premium to that is £17
Premiums at TO are usually around 30 40% - not 300% - that would be a massive premium - and therefore is very unlikely.
Thanks Blue
£12 will never happen unless GM picks the SP off the floor. No one will bid for at least another 9 months as if the SP stays around 300p, then they can get themselves a bargain and probably get it for 450-500p.
Takeover would need to be above £12 a share imo
I would expect nothing less than £12+
Crab, I believe after we see the clear vision and business plan for the next year and beyond we might have an offer.