I don't see any point in making any predictions here.
When the price was 14p, Surprised, who's getting lots of "recommendations" for his posts below, predicted on his twitter feed that the sp "will be 20-30p within weeks"
Instead its plummeted to 6p now. I think this goes to show that a) MMs are absolute scoundrels when it comes to driving the price up and down for no good reason and b) Rampers on boards like this are no better.
In other words, pay attention to no-one. This could go anywhere, with a continued drift down probably the most likely scenario from here. Sadly I still hold btw so hope I'm wrong.
Back in April last year, when no-one knew if a vaccine would ever come along, let alone how long it would take, the sp got to 87p. It then dropped again before hitting 77p in June.
Now, with the astoundingly fast progress that has been made, and 2/3 of all UK adults fully vaccinated, the sp has slid to 72p, lower than it was at the height of the pandemic uncertainty last year. Madness.
Disappointed this was rejected. As a shareholder I'd much prefer to have 200p in the bag than be sitting at 140p and hoping for 200p in the future.
It makes me question whether the board really are acting in our best interests. Do they have incentive to reject an offer to protect their own position (ie would they be concerned about losing their jobs if the company were bought out)?
bbeettaa - the problem is its impossible to factor in any impact. You might guess they would lose 10% or 25% of their business, or you might guess, actually, their relative position in the market will have strengthened and they'll gain 10% or 25%.
The point is, no -one really knows so for me the pre covid/pre-dilution price is a reasonable benchmark to base a target around. This has worked well on other shares in my portfolio - including MNZS in the aviation sector - so see no reasons why it can't here.
I think physical's point about the market cap is a good one though. Is it possible to see the full history on that anywhere?
Not only is the discount annoying, I’ve just attempted signing up to PrimaryBid. You can’t use it for SIPP and ISA investments, which is where all my stocks and funds are held - so what is the use of that?!