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Double trouble - broker price downgrade to 100 and read across to Melrose where revenue stalled due to lower demand for components. IMO already factored in ...
Typically, the mega-merger deal playbook goes like this. An initial offer is rejected. The suitor returns with a higher bid, which may also be turned down. Sometimes, other bidders throw their hats into the ring, a final offer wins through, or the deal gets shot down and the target’s share price dives.
With Elliot accumulating, the biblical propecy seems apt.
Good results, nice divi and buyback. Shame about powder impairment, did not see that coming.
Robust trade sanctions for cheap, Chinese leccy cars announced today sounds good for DWL. Full year results next Thursday.
New ISA season coming up and guess which high Street bank has virtually no exposure to upcoming car finance scandal affecting Lloyds 2.5bl, Santander 1bl, Barclays 350ml and Close Bros 250ml. Yet another sp driver...