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Straight into 9am auction
Multiple offers and interested parties, also a number of different structures being offered. This means the board has options to decide the best direction to take, it also means that there will be a potential bidding war between the serious bidders to get Made.com
2 weeks to wait, extremely exciting times and I still see a final accepted bid between 15-18p as a minimum. However any leaky info between now and then could mean this flies.
GLA
Love everyone’s optimism here on the board. I’m now thinking that we probably won’t hear anything else until the week of the 24th. Today should be a good day generally due to the US and Asia rebound in risk assets trickling over to the FTSE & AIM.
However, without any concrete news this will be pulled around by the MM on low volumes.
GLA and happy Friday.
Who’s Julien Jean-Marie CALLEDE?
Latest RNS announcing owning 8’000’000 shares.
We could see bids as low as 8, given the SP over the last few months, I doubt this would be entertained though. I’m still hopeful for 15-18p range. Personally I don’t see anything above 30p as why would anyone open bids at that level? If and it’s a big if, there’s multiple serious interested parties and a bidding war erupts then we could see higher figures.
Right now, unpopular as it might be I would take an RNS stating a 15p bid has been approved by the board.
Someone is scooping up playing chips above 8p!
First round of bidders and offers are going to be in and surely we will see an RNS to confirm multiple interested parties.
If it gets into the 5’s I’m a buyer again and will keep trying to average down. Honestly surprised that more people (PI’s and institutional) are not trying to snap up more stock. Maybe I’ve got rose tinted glasses on, but at least one company will offer to buy and the price should be north of 10… maybe I’m totally wrong and it’s a dead duck, but I just don’t get that feeling.
GLA
Sorry, What are everyone’s thoughts!
Autocorrect and to quick to post.
Just wanted to ask for you all to give your thoughts in the way of a ‘Poll’
1) No bids
2) One bid and offer only
3) 2-3 bids
4) Multiple interested parties and bids, 4 +
What are everything’s thoughts both long/short, positive & negative for a balanced Poll.
Any other comments welcome, like do we think we will hear something by why of an update RNS before Friday 14th or do we think it will be before Friday 28th.
Thanks.
GLA
I can’t see bids being less than 15p. I don’t think the board and biggest shareholders would accept such a low offer. What they want ideally l, is a for there to be a couple of serious bidders that are made aware through the process of the other interested parties and a bidding war of sorts takes place. Obviously these companies will have a low ball offer initiated, a median offer where they would like to buy the business and an upper end offer that wound still be financially viable for them. As many posts here have mentioned, the economies of scalability, will naturally created value to their eco siting business and to Made. Whilst I would love to see offers of 50p+ honestly, my gut is saying the offers will be in the 15-20p range.
Did you really mean to say that?!?
SP lower than now but higher than the winning bid? So where does that leave the ‘winning’ bid… less than 7p?
You do talk a complete load of ******! Shorting or wanting to get back in lower after selling out because you lost your nerve…
Of course not! Firm believer at some point in the next 4 weeks this could be north of 20p.
Just always flabbergasted by these drops!
No buyers above 5p only sellers massive discrepancy.
This will wipe out all gains we’ve seen this week… could finish and close back between 3-4p!
I’m totally baffled… this isn’t MM looks like news has been leaked.
I expected a pull back but not by 30%… this could drop back to below 5p.
Oh well the rollercoaster ride continues.
Either bad news has been leaked re no offers or pure fear and day trader greed with a dash of the MM playing games.
Fair enough, we all have a number, enjoy the weekend and the new arrival. Congratulations on getting in so low.
10p Is the real resistance, so much so it’s dropped the whole range to 9.2-9.5… with 500k at 10p not budging it could be a tough day today. Let’s smash 10p today and draw that line in the sand.
Someone trying to sell 300k+ shares at 10p?
Day trader taking profit?
Stratospheric! Once 10p cleared it’s another 10% up to the next 11p levels… no one is selling this, this could absolutely fly today…
Gone into Auction…