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Personally, I don't think it will be a June date, however there seems to be numerous rumours that it will be.
Assuming recent performance will continue, then there are fourteen working days until the beginning of June. If you believe the government can get the sale sorted by then, you should be able to accept that the share price will continue to increase as it has done recently.
If the share price will increase at 1% per day on average, that means thanks to compounding the share price will end May on 360.
So, a discount of 10% means that the government would be offering the share at 324.
Alternatively, if the June 24th rumour is true, then at 1% average compound increase per day, the share price would be 418 on June 21st - with a 10% discount giving a price of 376.
Either way the share price will be higher than today, meaning it's a buy. I still think the government wants the 500 it paid for the share and will either wait or just sell in dribs and drabs, but I suppose we'll find out soon.
Plenty of time, no confirmation when and how it will happen. With DB setting a target of 344 and Barclays setting a target of 400, there's every chance the price will continue walking up to achieve those. Then the target will shift higher and the government gets the price it wants. Like I said, everyone wants this to succeed.
I do agree with Shazabo that no-one knows anything as such, although all it takes is some "animal spirits", like Keynes said, to push this higher and a run up will happen, against all logic, for no reason than the chance to make a profit!
That's the beauty of markets!
Google already shows this at 4.70!
Interesting forecasts....
"MarketScreener polled two analysts, and the stock's consensus rating was also 'hold'. The analysts’ predictions offered a 12-month share price target of 68.50p with a low price target of 24p and a high price of 115p, as of 4 January"
Let's see what happens now...
Takeover speculation - check on euronews, amongst other sources. This could get the share price significantly higher.
1,487,505 at 2.81p, that's some confidence in this share! They know what's coming!
That's the per-share value of the CYBG bid, so should see that in next few days.
I think we're definitely in for a nice surprise on Thursday! I'm assuming close to 160 by Thursday...
Presume people had set lots of stop losses, so once they were cleared then the price would rise? However, it does seem a low offer that could be gazumped by a bigger rival.
New bigger bid from a bigger bank?