RE: timing26 Oct 2021 16:03
depends a) how much of Orph's value you think is tied up in the spin offs and b) on the timetabling of news flow. I've always seen the spin-offs as potentially lucrative bonuses rather than a reason to be here, and think that the current SP is cheap for the core company once the flow of higher margin CHIM contracts - including for covid - is established. I can't see any way that this won't be a takeover target for much larger CROs once it's streamlined, which would obv create SP momentum of its own. CF's focus is to maximise value; my understanding is that he wants to keep a stake in the value of DiM, POLB etc, while finding the right buyer for the main company. His interests are wholly aligned with LTHs, since he effectively is one. He's got quite a lot of news strands to play with, but I think he will do so with a clear endgame in mind.