George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
And that downside risk just got bigger for psquared with news on Gopher, who if they want Board support will need counterbid at least 10% higher so a new floor of 748p, call it 750p min, more likely 800p , and who knows who else has been sniffing around, Board are reacting to press speculation so I suspect there are others in the fray, so Board have an obligation to maximise that interest, it is unusual to get a bid before even holding the court
GLA
Gottya!
Hi Stefan05, the downside risk was in relation to running a naked short when it was shorted at around 717p . Th downside risk is there is a bid - say 850p + for arguement sake shorter would have a big hit ( their downside) , on the other side there is a floor of 680p , bear in mind as an agreed bid the risk of it not happening are pretty slim. So likley max upside is 37p versus a downside of possibly 133p+ ( poor odds for a trader)
Wolfhound. Agree with your earlier post that on a risk//reward basis the downside is greater than the upside.If due to regulatory problems aristocrat could walk away.SHares could drop £2+. only scigames in the running as far as i can see. our chinese friend is just speculating,and he is very good at it. made 1/2 billion at it. owns all the ambassador casinos around the world and Birmingham F.C. as a plaything. Have kept 10k just to keep in the game and ride with it.GLA
Most welcome Early Retire, lets hope so, has feel of a coiled spring about it ??
GLA
Thanks wolfhound - much appreciated, wasn't aware of more speculation! Great to hear, hopefully there's more rumblings and a bidding war breaks out!
Hi Retire Early
The premium is being driven by speculation of a higher bid materialing, see recent posts o this thread as to the background. This is the 3rd time we have seen sp spike in last week or so to 717p so market clearly feels speculation has merit.
GLA
Hi chaps,
Looking to get some advice/consensus as to what's going on (I appreciate it'll likely be "my guess is as good as yours"!). Bought a few of these for my SIPP mainly for divi payouts and had forgotten about them largely until the massive jump on takeover news - so that's been agreed for 680p in Q2, and the rise up to that I completely understand...
What I don't get is why the shares are at a premium to this, nearly 40p more than they'll be sold for in a couple of months? Can anyone shed any light on why this would happen? Feels like I should sell up now and take some extra profit on top of the sale price, but can't shake the feeling I'm missing something?
Paul suen cho hung now has 3.2% of the shares which is approx. 10million. Is this the reason for the share price movement and if so I hope he buys more and makes an offer for the entire company. Fingers crossed and good luck to all holders.
Back at 708p , thinks must be hotting up
GLA
Interesting, just as sp spiked on29th October @717p, p squared asset management opened a short on 2mn+ shares on a stock that has a 680p offer floor and speculation of a bidder..... not a great risk/reward call IMHO 37p max payoff per share -v- maybe a downside of £2 possibly £2.50
Ever get the feeling someone is trying to hold sp back ....
Shorts have been know to cannily close just b4 a new bid..
Mr.Paul suen cho hung has now bought 8,936,979 in total. Up from 6,085,049. Please give me a ring!
With such a high premium i thought it was a done deal.Sold 80% but still have the cash. Will have to go back in if it does not rise on opening on Monday.Very happy with the profit made but like all investors i would like a little bit more.
Yep and it seems like SciGames may not be the only ones....
https://www.gamblinginsider.com/news/13555/jason-ader-exclusive-nothing-preventing-igt-apollo-or-scientific-games-bidding-for-playtech?__cf_chl_jschl_tk__=pmd_X6mHBdUdhG8yk5oL.IQXFSCsKLbJh84BCQG1CT4O1QY-1635536723-0-gqNtZGzNApCjcnBszQg9
Its all to play for......GLA
Wow, what a good read. 6billion war chest and were integrated before the aussi,s came. They must fancy it.
Thanks Stefano, it seems the rumour bidders k ow playtech quite well and interestingly just sold their lottery division for $6bn and had done the below strategic tie up in July, 2+2 ??
https://sbcamericas.com/2021/07/19/scientific-games-and-playtech-agree-mutual-distribution-partnership/
GLA
wolfhound.full name paul suen cho hung. you found him. well done.
Speculation from Peel Hunter analyst that there is another bidder : (BFW) Playtech Rises Above Offer Price; PH Says SciGames Might Bid
https://almajir.net/useful-information/details-of-ownership/paul-suen-cho-hung/
The last para on this link could be interesting if same guy
A Mr Suen Cho Hung has bought 6,085,049 shares over last 3 days. Please ring me and give me a heads up !
Alot of partial withdrawals of letter of intent as ii sell, so had expected price to dip/drift south,
...but given it is going above bid price does make me think someone knows something, next few weeks could be interesting
GLA
Above the offer! Whats going on? Sold most but kept 10k. Never know!
Here’s hoping. Some big buys today
Sp just spiked over the 680,.... new money ?? ??
Unknown to us , this is the fourth bid by Aristocrat to get approval. They made their first bid in April. Wish i knew!!!!!!