RE: Alphawave IP Group PLC Extension of PUSU deadline29 Apr 2025 12:19
I'm interested to see how it plays out.
I've always agreed that they have leading edge technology but have also always said the management is totally incompetent, therfore my negative view.
The problem AWE has with the bid is I believe they are incapable of progressing the company with their current management and so a quality management from Qualcomm would help.
However, this puts AWE on the back foot in takeover negotiations as without a takeover the future is unclear.
Qualcomm will know this, as well as major AWE shareholders and so if Qualcomm walk away the AWE sp will fall sharply.
Qualcomm may bid at the current price or even sub 100p as they have AWE over a barrel IMHO.
The AWE management are complete idiots so I'd expect most of them to be fired after a takeover.
After all, Qualcomm want the ip for the technology and have no interest in the management