Member Info for Darth_Tradr

Prime example of where the SP is not the company.

As I said the other day, if we weren't reading these BB, would there really have been any doubt in people's minds; probably not.

IIs canvased beforehand, it was a simple nod through.

Not sure we'll see 30p tomorrow - possibly 28/29p. However, should eventually get there.

And...always the slight chance of another bidder.

GLA

You might have the chart upside down …

Almost certainly, yes, in my opinion. However, the price action isn’t quite aligned to that - does seem distorted - I’m putting it down to the wait between vote and money.

After hours RNS

*desperation from Darth*

Desperation, in what respect? Why should I feel desperate, unless you know something I don't, which I doubt?

Don't think the price action tells us much at all. If anything, it supports a yes vote (which I think is coming, by the way) - the question is whether it rises much after the vote - for various well-documented and understood reasons, it may not. 26p, close (max).

OK - 26p, close (maybe).

14.5p (no)

26p (yes)

Vote is at 2:00pm, I think, so RNS shortly after that. Almost certainly will be yes, but I'm not sure quite how much it will move the price, there's just too long a gap between yes and the money, which leaves a void of uncertainty and impatient people (me) will get out at a sniff of reasonable profit. Hoping to see 28p after 3pm, but it might not even make it past 25p.

Could be wrong - often am.

GLA

Good news ...slowly, slowly catchy monkey.

GLA

“That’s an unusually long gap between a Yes vote and Court Sanction so anything could happen.”

And may (partially at least) explain the unusually large discount to the offer price.

*I have been informed- The yes vote has crossed the 75% threshold and the 30p accepted take over price will be declared after the court hearing tomorrow.*

Shhh... don't tell Ice. He/She too believes they have magical powers of prediction; only, in their case, regarding no.

Not long to find out who is right.

Perhaps Mark Kleinman will let us know this evening...

“I'm one of the insane people who believe in democracy and it’s unfortunate that we still dont have it, but maybe we had better not go there. All the best”

You’re right, I shouldn’t have mentioned it. It’s not relevant. However, I knew that the shower in charge would never be able to deliver what people voted for, so why bother rocking the boat. That was my thinking but I’ve long moved on and it’s never affected me, personally, anyway. I was rich then and I’m rich now.

GLA for Monday.

I often wonder whether if I wasn't reading this BB whether I would feel concerned about the outcome of the vote. I actually think the market is anticipating a yes vote, but the uncertainty is weighing on the price. With such thin volumes and nervous PIs exiting, it's little wonder that the price hasn't stagnated. It's only really moved when short positions have closed. I notice that a further reduction took place on Thursday. I suspect, yes will be the outcome and it won't even be close. I can't see why the BOD would let a deal they've recommended and committed their own shares to go to a vote, if they knew the IIs were going to torpedo it. There would have been some more negotiation with Sid and either a better price or Sid would have walked. The major shareholders are ALWAYS canvased in this sort of situation BEFORE PIs are asked any sort of question. Perhaps there's a majority but it is dependent on a majority of PIs backing it as well. However, I'm sure I read a breakdown once and PIs have only a fractional holding here.

Anyway, we'll soon know. I was confident that the electorate would answer the insane question of whether or not we should remain in the EU, in a positive fashion and insanity prevailed there, so I know nothing is beyond the realms of possibility on Tues.

I wish all good luck - yes or no - we're all here to make money.

I guess, I’m also trying to be optimistic, as for me personally, a no vote would not be a great result (short term).

“@BeardedDragon - it can't. It doesn't really mean anything. That said, at least it's not a big drop that might indicate word has got out of a 'no' vote...”

You’re right and I suppose my thinking was typically this has dropped quite a bit at UT, so it was nice to see it rise a little. But I take your point that strong was probably not the right descriptor.

Cheers for now.

Strong UT.

Good luck to those that held their nerve.

Here's to common sense on Monday.

Volume is so think, nothing dramatic is happening with the SP, which I would suggest actually favours a strong possibility of yes.

Thanks. It was the 'votes are submitted' comment that threw me off there.

*At this stage, the die is cast. Votes are submitted*

Thanks. Does anyone know why there is a delay until Monday regarding the result? If all votes are submitted why the delay in releasing them - just like with an AGM, votes are RNS'd once in and tallied (almost instantaneous these days)? It not a raffle.