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Has there been something released or some rumours floating about today?
Odd that buying/selling has been steady all week and suddenly £40k worth of buys (split between 5 trades) pop up in the last 30 mins.
Results in a months time.
People taking positions maybe...
I've not heard anything but was going through smartest site only yesterday for a short while... buying energy via them should do wonders for providing ROCs going forward in the short term... Also, a good idea would be for smartest to just buy Yu like they did Dual and have Yu continue to run as Yu (as per Dual tie up). Dual/smartest started off with a working relationship much like Yu now has...
little rumours have reach my ear, but will wait for the RNS it seems some have jumped the gun.
I hadn't really considered Yu being bought given that the offer would need to be huge compared to the current SP given that II's are still holding in volume about the £8 mark and Bobby wouldn't want to take a big hit vs the SP of 18 months ago.
I reckon it will be taken out for £2-£2.5 per share. Don’t think people who bought at £5 would be happy but that’s how it goes unfortunately
Ammu - That happens all the time on the markets so it would ordinarily be a good shout. However, the reason for that is that it is usually a significant pay day for those involved in the company who haven't got a significant stake in the company. What differs here is that we have an individual with half the company who will, in effect, dictate what the buyout price is. I'm betting on £2-£2.50 being pretty damn unacceptable to him. I can see him walking away at around £6 as that would be a very nice piece of business all round. £2 is derisory - he could have probably sold it at £2 when the wheels fell off and not had to have bothered with everything he has been through since.
I would wonder whether the Institutional Investors would kick up a massive fuss if the bid was not up to or near where their (rather high) entry point was. I remember Gatemore giving the DX BoD a real hard time a few years ago about how money was being spent and the BoD were forced to change as naturally all the retail investors got behind them.
£2-£2.5 would be a good price where the company is currently. Obviously when company goes back into turning profits £4-£5 will be a fair shout.
" a good price where the company is currently". I think there lies the problem with a £2-2.5 prediction as the company at least structurally and strategically is in the best place it has been for years. BK would likely want rewarding well for his hard work to bring the business up to scratch and I don't think anything less than £5+ per share would cut it. Especially knowing that II's would get involved if they were going to lose at least 75% on their investments made in 2018 (£8-10 per share).
I could well be completely wrong but I am more than willing to hold and see what happens. Who knows, maybe one day we can celebrate £10 per share again.
Non of the IIs hold shares anymore Miton and octopus both sold out during the dark days of 2018.
Therefore no IIs to pacify.
Yes most iis sold out so it’s just the ceo.
An offer of 2.5-3 would be hard to say no.
it would give me a nice profit so I couldn't complain too much but it would be a shame as this could be worth so much for in a few years.
Indeed if YU can stay as it is for 12 Month or more the Sp will be many multiples.
I agree that Octopus and Milton are off the radar (or at least under 3%) but I can see that we still have Jamieson Pension Fund @ 5.1% and James Turner @ 5.36% (although bought as private rather than through his other companies). It would be interesting to know their expectations.
Including the above there is only about 32% of shares available to retail holders (provided octupus and Milton cleared off completely)
Yeah but you have to keep in mind Jamie Turner bought around this low sp not at the highs of 10+
All this positivity and we are still sat at 1 and not 2++ at least.
Very true.
I may need to wind back my positivity a touch although it's hard not to be upbeat given the distinct lack of risk at this point in time.