RE: Great RNS29 Apr 2024 16:03
Another insider share purchase! Directors picking up dirt cheap stock left on the floor by panicked PIs, and expect this buying to continue.
Its great that the media are finally publicising the astounding value discrepancies in UK listed stocks. This being one of them, holding through a company's conscious choice to go private should be embraced going forward by savvy PIs, not feared.
This current trend of company's opting to go private, subsequent obliteration of SP due to fear of ownership uncertainty of private companies, PE and insiders picking up the stock for a song and then relisting in US for mega profits hopefully will be picked up by the arb investors very quickly. Sooner or later, I wouldnt be suprised to see a stock increase if a company announces it will be going private, such is the state of the current UK stock markets!
Rox may not get it all their own way after all if PIs are willing to hold into going private. Its clear for all to see what this company has going for it, and the value it would have if listed over the US.
I will continue to load and will hold into the company going private. That is of course unless the company isnt taken out by PE before, which i strongly suspect it will be.