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And out the woodwork come the long positions Norges and Jupiter
And out of the woodwork comes all the short positions. Love it!
So, we had an offer of 170p rejected "feels this offer 'significantly!!' undervales the company". significantly is a big word to use so clearly not letting go cheap.
Then there is also another offer coming in by another company? "very early stages of considering a possible offer".
I've revised mine down to £11.50-11.55. £12 in today's climate is just not quite as likely. "just being realistic!"
Ive revised my take out estimate to somewhere between 255p - 260p
Give me a break about you aren't pushing £2.50, you and other new accounts have been fixated on that number for the last few days, like I said, make it a bit less obvious? £2.55? £2.60?
Hostile or cheap takeovers always have a level of manipulation attached to them, whether it's through shorting pressure, or individuals pushing a certain agenda.
Don't get me wrong, I'll be delighted with £2.50, I'm in at £1.41, I'm not a LTH and I've just come in for a quite obvious trade, anyone with a bit of market experience can see that a takeover is about to happen.
"over 6 million shares have been sold so far today! at much less than 1 X revenue!"
Out of 1.22bn shares... that's day trading churn. Moulding isn't selling. Institutions aren't selling. LTH's aren't selling. It's not selling for 250p, no matter how hard you push.
DavSen
Im not "pushing" for 250, I would absolutely love it to be higher. just being realistic!
Kanto
Actually, they seem to be. There's a veritable queue of bidders forming.
????????????????
Why would shareholders sell for a little over 1x Revenue? Who among them is that desperate for money? All they need do is wait a year or two and the SP will have recovered organically far beyond 250p.
over 6 million shares have been sold so far today! at much less than 1 X revenue!
I must say that I'm puzzled that the shares are at 145p when the board has purportedly rejected 170p . Also that the shorters don't seem to be discouraged.
Binkys boss at wpp as thrown his Binky (a trademarked Dummy in the US) out his mouth
You tell me Binky, it isn’t a coincidence is it.
Share price IPOs at multiples, short pressure pushes the share down, PIs get effectively bullied out of their shares because of this new trading mentality where no one wants to hold a share beyond 5 mins.
Then suddenly the company gets taken out at way beyond fair value, leaving LTHs in a mess, and a number of new accounts across LSE and ADVFN are pushing the £2.50 agenda, I mean you guys could make it less obvious?
The market is predictable, this isn’t the first and the last time something like this happens, and the FCA are toothless to ever police it, no one wants to upset the big boys.
Agreed DavSen. A whole swarm of them showed up on Friday, having never posted, or held the shares, before. Suddenly expects on valuations and the stock register.
"Everyone saying 250p is cheap cheap cheap. The shares are languishing at 145, no one is falling over themselves to buy them. So not everyone agrees!!!!"
Actually, they seem to be. There's a veritable queue of bidders forming.
Why would shareholders sell for a little over 1x Revenue? Who among them is that desperate for money? All they need do is wait a year or two and the SP will have recovered organically far beyond 250p.
" no one is falling over themselves to buy them."
of course..because everyone is a sheep..."after you Sir...no, no you..I insist" .....all sentiment related at the moment
If everyone starts paying 155p people will pay 155p even though at 144p they say..."nah..maybe tomorrow.."
$20bln in the world of US PE is not the big boys! That’s their total AUM. So all funds
Recent fund raises from the real big boys are >$20bln in a single fund!
It’s these guys we need at the party
Goldy
DavSen
Oh No, ive been rumbled!!
Who are "they"?
Binky, looks like you got an agenda, new account, constantly referring to the £2.50.
Seen it plenty of times on LSE before, won’t be the first or the last time that behind the scenes they send individuals on to these BBs.
Everyone saying 250p is cheap cheap cheap. The shares are languishing at 145, no one is falling over themselves to buy them. So not everyone agrees!!!!
was beaten down so they could get their hands on it cheaply - come up with decent offers and they may consider as offer significantly undervalues business which is what was pointed out in rns
"Offering additional 1bn pounds may do it as per article sayin MM may sell at that price."
Yes, so say the journalists paid by the same people who spent the last year beating the share price down. I wonder why they would want to suggest he'd let it go so cheaply? Hmmm, I wonder.
RNS machine will be in overdrive now ;)
In between these declarations, any news can pop out, keep those eyes peeled, one blink and BOOOM!
Offering additional 1bn pounds may do it as per article sayin MM may sell at that price.
I would imagine they know what base level the key Institutional Investors/stakeholders would entertain having a proper conversation ..which is why they can turn away an unsolicited 170p
Pokerchips
250p is the number but if more than one want it it may go higher. We have to remember 170p offer was from King Street, according the the news article they have assets worth $20bn in USA. They are the big boys..
no one will "get a low price" ....shareholders wont entertain it ....and the lenders will want a say too...all stakeholders