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It is your decision but I would hold. RNSs have been released showing interested parties and even if they all fail, which is very unlikely. Long-term the company will do well enough for Castellain Capital to buy up 7.6%. The bidders both known and unknown must see something in the company for the future to want to at least express an interest in the company. So why sell and loss money now. If you have to go long but I think you could profit in the short to mid-term.
Add RBS, msn is predicting a down on the DOW for today. What hope is there that AD can produce a market winning budget tomorrow?
If you are using shareprice can you please check you are quoting mid-price and not last transaction price. Shareprice will quote last transaction price as mid-price. It is often better to quote the full spread.
Hold it is a stock market wide sell off. If you have any spare cash this is the time to prepare to swoop in for cheap shares anywhere. Jonny123 is trying to accelerate it on SAR and here that is all. I have only 3 words to say to jonny123 - Chod do riti!!!!
I agree the mismatch isn't comforting and annoying. However, I'll hold until an offer is made or the possibilty is withdrawn. Then I'm off to the FTSE for some proper trading. Lately I have begun to get sick off MM games on the AIM and I don't blame companies who are delisting at the moment.
Tree shake? last 2 were sells but only 34K against 120K buys. Surely not enough to justify a 5% drop in sp? As soon as this or PDF come out I'm going to FTSE 100 and 250 away from MM games.
Any reason for the drop? I can't see any sells today?
This is normal but the number of trades showing is down on yesterday we could do with another RNS this afternoon revealing another name.
You can try shareprice.co.uk it's free to register and allows you to monitor news groups as well.
Mismathcing data is all part of AIM fun. Look at PDF for a couple of weeks now buys have been recorded as sells. MMs can get away with all sorts here they can't in FTSE.
I'm showing 12.5% up on here and with upto 6 bidders in the wings. We should see increasing interest over the week. Now that Black Sea Global have come out and Castellain Capital have gone long on 7.6% any other bidders should declare soon or miss out. I don't believe all 6 bids will fail unless there is a big problem in the due diligence. Once an offer is made the price could fly big time. Look at KDD the offer was made for about 8p I think and their sp is 12p.
Morning, nice little rise here. Just what I need to see after dog walking and rabbit feeding. Hopefully the day traders are out from yesterday so we should see smaller more sustainable rises through the week.
Like you I let I bought in at 12.5p and I'm annoyed at myself but also confident it will come good. We have one firm bidder, one possible and four other unknown bidders. I would be really surprised if all the bids failed. However, I would say that before each company makes a firm bid they will have to do their due diligence and that could take a while.
Tomorrow can be wacky. Wednesday morning I hope is calmer, especially in the late morning. I have to teach Present Perfect Simple again:(
If as you say the bid would need to be near to the NAV to win the institutional investors holding at issue price. According to the RNS 27/2/09 Notional NAV after buy-Back and Tender Offer is calculated at 53p.
The bidders will have to reveal themselves sooner rather than later and as soon as one of them comes out it will force the hands of the others. Castellain Capital maybe a bidder of some sorts but until they make a declaration like Black Sea it could be difficult to tell. They may also be like us PIs and smell a profit. If the takeover is anything like the MEC asset sales it could take a while to be finalised.
Castellain Capital have 15m long as the head of a consortium, are they? Section 4 at the bottom states that for the purpose of a takeover they should be treated as a single person.
Make you play and sit it out. You have until 8am tomorrow to research but it took me ages to get in this morning and a lot of stress. Shares are limited and timing and patience are important. Luckily Shaon gave me the heads up on Saturday night so I had plenty of time to research. Read also the entries on iii.co.uk as some of the people there have done some interesting calculations but I tend to believe that sentiment and the competition could be a deciding factor.
Nope PDF, cash-rich, diamonds in the vault, increasing production at two sites etc. However, you should also look at the upcoming Cullinan diamond sale next month (Not PDF or GEMD) rare blue diamonds on sale including a 7.5ct. mart1n - I always prepare to go long if I need to short plays are fine if they work but in the current climate a long-term play isn't a bad fallback position. Selling at a loss is unless there is a immediate suspension.
Iong term I couldn't agree with you more. I have this as a short but will long if needed. By short I mean until offer is made. I'm also holding a long on a diamond miner as well, should ten bag from here to the end of the year. So I'm happy to wait. Even if this goes belly up I have the diamond miner to rescue me.