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https://twitter.com/surprised_trade/status/1422481506052755456
RNS - Marlowe Proposal significantly undervalues Restore,- they've got to bid a lot, lot higher
Some chunky buys. Someone must have a `hunch`.
It would be tempting for me but I suspect the institutions will take less.
https://twitter.com/surprised_trade/status/1420842999878144002
Marlowe have bid 530p so far, all set for a higher bid if they want it, closer to 600p will be tempting....
Don’t forget that only 71p is cash. The rest is Marlowe shares. What are they worth?
If takeover is foregone conclusion there is some easy quick money to be made buying in at present SP .
Doesn’t seem to have affected the SP. Is the takeover a foregone conclusion?
there is indeed a lot to like...
https://twitter.com/surprised_trade/status/1419903986447044608
profit before tax up 56%, £71.1 million net of cash, Revenue of £106.1 million, up 19%, reinstated with interim dividend of 2.5p
Yes, we can expect a lot of positives on 27 july, makes my remarks re the share price even more weird!
Restore will announce its half year results on 27 July 2021.
In its Trading Update announced on 5 July 2021, Restore reported that trading continued to strengthen through the first half, with second quarter performance ahead of the Board's previous expectations.
This positive trend is evident across all of Restore's business units In addition, as a result of the strong first half performance and continued confidence in the Company's outlook, the Board confirmed its intention to reinstate its progressive dividend and pay an interim dividend in respect of the current financial year ending 31 December 2021.
The level of the interim dividend will be announced at Restore's half year results.
likely now Marlowe have gone public a higher offer will arrive at some point....game on ...
Marlowe sees a sound investment at 530p. Restore board and most ? shareholders see their company worth much more. The market says only worth in the area 450p Why no investors jumping in to make "a fast buck". Seems prediction is Marlowe will walk away ! Restore is not worth anything like 530p yet.
https://twitter.com/surprised_trade/status/1419571055753113601
.interesting few weeks ahead as Marlowe seek to bid for RST, 530p rejected last week, how high will they go.....
https://twitter.com/surprised_trade/status/1418426869775577089
The Times ....
Marlowe breaks cover after rival Restore rejects its takeover bids
Marlowe have been a highly acquisitive from over the last few years. They have been one of my
Best shares over that period. It is worth having a read about them on their website. No idea if Will go to £6 but will be an interesting few weeks. Nice restating today.
Not massively surprised at the move from Marlowe.
Charles Skinner is a non exec and his old FD from Restore has recently become FD at Marlowe.
They know there is value in Restore which the current management team is slow to realise.
Agree with MattC - £6.00 would be a good result.
I’d be happy to take the cash and Marlowe shares at 600.
Company confirmed that the bid is rejected. I'm with them. Let's see what happens next.
Marlowe will have to go a lot higher and more cash :-)
My view:
Bid a bit light - nearer £6 for control would seem fair to me.
I want a cash offer, not a (largely) ropey shares offer from some company I don't know. I trust the management here, and if they don't like it, neither do I!
Might draw others into the ring, of course. But could all come to nought. What it has done, though is to draw attention to the company.
https://twitter.com/surprised_trade/status/1418092846402387968
'offer to acquire all of the issued and to be issued share capital of Restore for 530p'
About time one of the ‘experts’ tipped RST. I’ve been patiently waiting for this for months.
Questor in DT continues to see lots of good news to come. Still holding at substantial loss, and unable to buy, or certainly would do so.
Quite a bullish statement and received well.