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In my opinion I see this as the reason -
Purchase deal has hit stale mate so TB has made it clear if no deal made we will go it alone. Put the fear in to potential buyers of pyratec to speed up deal. Prediction is a sale agreed by Friday 20th as soon as shares have been added and TB gets massive pay out on his 16%
Wrong. I agree big differences but I have held for 12 months and added throughout my average is 59p and I've yet to sell a single share. So no I am not a trader but if you was to go for a majority holding why wouldn't you.
Not at all, in fact the rest of the board will undoubtedly have fu disclosure of TBs intention what ever it is. Im just stating that as a major holder I would have sold heavy then bought back increasing my overall holding rather than paying the then current price. If sentiment would have been strong then he would have had to increase holding at the rate. As I did say earlier its only a thought although I'd love to be right and it boom when he gets back in lol
Is it not a possibility that TB has sold out to create panic. If a deal was close for the sale of pyratec then this would be a good way to scare out PIs before soaking up the shares at stupid low price and reaping rewards when deal done. Remember that corporate financiers also deal in privatisation! Could it be that TB is getting ready for the all take over bid?
How can this be bad news?
*Typical duties of a corporate financier include:
working closely with clients at senior levels
advising about how to meet targets and create investment capital
generating finance from shares and loans
gathering, analysing and interpreting complicated numerical information
assessing and predicting financial risks and returns
using financial modelling to predict outcomes
negotiating and structuring financial details
running transactions
providing investment advice, tactics and recommendations
preparing legal documents and prospectuses
liaising with accountants, lawyers, financial experts and regulatory bodies.
*Typical employers of corporate financiers
Global investment, corporate, retail and commercial banks
Corporate finance sections of accountancy firms
Private equity fund institutions
The only downside I can see is if this has happened for a privatisation reasoning