RE: I was just being inquisitive10 Jul 2023 10:10
AMGO has always been one of those stocks people like to hate I guess. At the beginning of 2021 it went on a huge run purely because TR1's were popping up every other day - the buyer then was JP Morgan. I think between them and the Gary they thought the court case would go in their favour, but of course it didn't .
You do have to ask the question why was JPM so keen to get hold of the company with nrly 30%. Love AMGO or not, the brand is still well known and has still got the potential to be a successfully business. Interest rates will see a reverse at some point this year, and with FCA guidance, a lending package could still be viable, providing funding is secured.
The SP has been pretty dormant last few weeks, but suddenly this morning it's ticked on the ask, probably nothing in it but you never know. I did dummy buys a few times last week/week before - NT for anything over £5k every time.
As Mark 1973 has said, it's all to play for in my opinion. Let's see how it pans out.