RE: Virgin/O2 Merger20 May 2021 13:45
Further to the announcement, Liberty Global have a presentation next week at the offices of JP Morgan and I'm reliably informed that Liberty want to tie up the Virgin/O2 merger by 1st June 2021, i.e. within the next two weeks.
Now, we know the FTSE committee meet the following day i.e. 2nd June 2021 to discuss who's in and who's out of the FTSE based on the closing values of 1st June 2021. Now cast your minds back to the last review in March and all the shady goings on in the stocks of Weir Group, Renishaw, Dr. Martens to name just a few (take another look at their respective share price charts, especially on Monday 1st & Tuesday 2nd March before the review on the Weds 3rd March.)
The share price of ITV was down on that Monday, hardly moved Tuesday and on the Wednesday moved back to where it closed the previous Friday. i.e. someone wanted to keep ITV out of the FTSE when it was in touching distance first thing Monday morning !!
To add further spice to the mix, Monday 31st May is a bank holiday here in the UK and the UK market is closed and I wonder if we will see some serious game playing next week. Yes we've seen quite a lot of fun and games in these last two weeks, even today another trade of 2,140,600 shares @ 127.90 was reported 'off-exchange' this morning, exactly the same as yesterday, same time (11:04am), same amount but a slightly different price.
ITV are ranked 96th as per the FTSE all share rankings as of Friday 14th May and are a shoe-in for a FTSE re-entry.
Lets see what GS have up their sleeve now, are they going to call the stock down yet again and give the game away???
Its going to be a fun few days !!!
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