RE: Third Avenue Value Fund12 Aug 2025 10:56
ComputerSaysNo,
As its quite obvious the City does not back or believe SMS, I think any equity/ debt raise of the size required is a complete non starter. You also over look SMS's firm commitment of no more acquisitions using equity below the value of 425p.
This is why the acquisition has to be funded by PE, conveniently reversing their very own MSQ Partners into our ready made, yet ailing SFOR listing. They can then extract capital by selling shares in the enlarged company when it is at a level they are happy with.
If SMS and other stake holders didn't have such a large stake and a Golden Share, us shareholders would most likely be shafted A la Premier Oil !