RE: Ennismore Short increased by 0.08%29 Oct 2024 21:42
Not seen overall market stats but from my experience a low 30s percent free float seems exceptionally small for an AIM share.
Let's say we do get to an hostile takeover scenario, which I guess is the point of the discussion.
The only party who could do it are Frasers, unless PE or Shein made a ridiculous offer. But sticking with Frasers, currently if they got Schroders and Camelot onside they would still need to get hold of 11% or so of the available total shares. So one in three of the free float.
I'd suggest that not many would sell cheaply in that scenario