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yes i am.
No point in selling at the moment as always chance of Ublox or another joining the party...
all this stinks
1. they said there was going to be a buy back of shares, even when it got to 67p no action
2. they could easily have given a special div with the money they were holding
Also if Dbay start buying in the market above 220p I think they have to raise their bid to match?
d bay will only break up the co and take the cash
it seems like this has been orchestrated , why would they reject a bid of 2.50
and could it have been know by all parties even before the buyback was announced?
Maybe our bidder has the BOD in their pockets? How can the BOD say in their RNS that the bid undervalues the company and then recommend it to shareholders? Why not reject it and carry on trading like any other company? They said in the annual results the company was in an excellent financial position with 63 million cash in the bank and prospects for the company were great? Very fishy deal to say the least. Maybe it is time to cash in the chips and get out of this dodgy AIM company after all?
What's going on, why are we now at 2.26 ?
looks like long CFD's being opened above the offer price? what's cooking?
what's going on at 2.29 now????? still holding but unsure whether to sell now?
I assume the lack of answers means no one has a clue what's going on here with the SP?
Evening Moniman
As I mentioned previously, the Risk / Arbitrage Hedge funds are in play here (IMHO).
Dbay are under pinning the action at £2.20 and it seems that that are more than a few Industry players who would like to get their hands on Telit. Only problem is that they'll have to speak to Dbay, and I suspect would have to pay a decent premium to gain their blessing.
We've already seen Ublox walk away and that bid was worth North of £2.50 at the time. So I think it's fair to say from a risk reward percentage, it ticks many boxes for large, short term Hedge funds.