RE: Takeover?13 May 2024 17:10
No Bern, I just expressed my take on where the company has gone under the new management. Covid is partly responsible of course, but they got carried away with borrowing, and made some acquisitions at the wrong time IMHO. The old board had learned that being over indebted when things go quiet is dangerous, my buys then at sub 10p were highly risky.
Having said that, I don't see the barmily named company as doing anything other than either biting off more than they can chew, or trying to destabilise a rival. They do have a shareholder with clout, but other than that I can't see any compelling reason to do anything except send them back out on the prairies to graze. Or " go eat ***^"in other words