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GLA
looking like someone is doing due diligence
on the march again ... suddenly but nice from mid 50s.
Starting to get interesting 9% up at 16:19
nice move up from mid 50s
Yea load up low 50s few times London tourists picking up was highlighted in update they were missing them at London casinos but things might have turned round and I don’t expect it to be long before a bid good luck all.
I'm still well down on Rank. Bought at 1.36 and 1.00 , panic sold half at 0.74 ,
but luckily got tempted and bought back at 0.57 Still way off break even (£1.11)
but at least it's now moving in the right direction having increased from around
55p to current 74p. Inflation problems not helped and will probably need to hold
for a few years to get a decent selling price.
Have seen hospitality companies results reporting London doing pretty well good recovery especially with tourism this may bode well for the casino recovery as this is there main bread and butter down in London fingers crossed.
There was huge sells on this stock yesterday over £1million I've been watching this carefully over the last couple of weeks. It looks like someone was loading up with a background seller hopefully this has cleared and the trajectory is upwards for all holders !!
I guess they can buy on the open market up to potentially 75% as someone else mentioned, a takeover is not out of the question
Thunder2040
At the moment they would have to offer the current one year high of 169p, however in June 2023 this will be sub 100p.
Guoco Group Limited have 57%, gets me thinking, how much to buy the other 43%? What sort of premium would they need to offer to get a take private away? Surely looking at a price north of £1. In reality I can't see it based on current circumstances, but who knows.
I could be wrong, but I think if someone want to offload a big chuck it sits there getting partially filled, once the whole lot has been completed it usually appears, but can take takes to clear the big ones. This is all just a guess in this scenario, but the take away point is that the majority shareholder sees value in this price range enough to have stepped in and bought more.
yes totally agree with you
still dont understand 820,000 shares bought
100,000 shares sold and price does not move
Interesting, they usually RNS when they have finished buying so could just have been a top up or soaking up from another II. Some decent activity here this morning on the book too, £300k buy just went through a short while ago. The structure of the business remains the same as pre covid, so I do think this is a very strong recovery play, granted has to weather the next year or so of recession, but balance sheet looked ok to me - and the gambling reform is apparently going to allow sports betting in casinos which I think will be a huge draw in London, as people watch live sport and bet on it.
I am pretty sure under 75 per cent
But I could be wrong
57% actually, I wondered is there a limit on what percentage they can own?
Hong Leong Company (Malaysia) Berhad with 47% of shares outstanding.
ah 70-60 backwardation
Aby1972 do you have a link?
something is going on with this price action
the main shareholder is looking to take it private
Any news out?
can someone explain all this 1 share purchase
Take over offers will happen long before any recovery I think interest rates will peak by February and then revert to a new normal low rate like we have had for last 12 years but this is my thinking.So I’m busy filling up my bottom draw and locking some money away in 3/5 saving bonds but just holding of at the minute.
and of course this could become a takeover target after the recovery