Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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TPG and Vista US Equity Firms - Are yet to put in an official Bid/Offer...
Blue Prism is clearly undervalued, therefore in my personal view they will not accept or entertain any offers unless its in the starting range of £30-£50 per Share. What is everyone's thoughts? interested to know...
Takeover - no offers?
Do you have evidence that this is true or is it just gossip?
With the market knowing that there has been interest from two parties and the subsequent move to today’s price then I would expect an initial offer of no more than £18.00. Would love to think it would be higher but why would anybody pay a 400% premium to the price only two weeks ago.
I think the ft thought a bid of £15 would seal it. However as the board may not accept there is also a real chance of no deal.
Has anyone here ever bought something via live auction with a known deadline from a site like Ebay? What happens?
More times than not, most of the price escalation happens at the very end before the expiration of the deadline. It's bad strategy to come right out of the gate with your best price because the price get expensive too fast, creating a higher probability that interested buyers will be priced out from buying something they strongly desire to own. So instead, they stalk the item of interest, slow play their bids, and then at the very end.......BAM......bids start rolling in and the price skyrockets. That's exactly what should happen here.
Morale of the story: this was always going to happen this way.....an initial pop on the rumor, flat price for a couple weeks, and then early next week expect fireworks as the sharks swirl waiting to strike. The worst thing you can do is get scared and sell prematurely convincing yourself that nobody is interested just because it's quiet this week when clearly there is high interest.
I'll remind everyone of the article that came out just a week or so ago predicting that bids will come in at 7.5x-10x sales. Taking the midpoint of that range (8.75x sales), the price target should come in at 15.35 GBP or 21.34 USD. That's a 33%-40% bump from this exact moment.......in less than a week!
If you "paper hands" this thing, you may never forgive yourself. Patience my friends.
@AutomationGuru,many thanks for your detailed post.I’m still trying to learn,what you have shared is very helpful.
ATB
GLA