RE: Way undervalued1 Jul 2023 13:33
I think
The way it will play out is as follows.
A bid will appear at some stage, probably soon, the sp is moving against the bidders wishes at the moment.
No one is able to build a meaningful stake. Volume too low and shares too tightly held.
MM won’t want to lose control of his baby and counter bid, at a decent level. He has probably already got me backing lined up.
Then it’s just a question of whether we get into a bidding war, which would be great fun.
I expect all this to happen sooner rather than later. But even if it doesn’t, I think the sp will revert to fairish value soon.
So my advice (and I have a decent track record in these things) would be to fill your boots.
GLA