The sp peaked at about 162p back in May 2022. Since then there was22 Apr 2023 18:01
a capital raise of £20m and 10% more shares were issued priced @ 80p.
So it is not unreasonable to assume the sp could return to 145p (162p less 10% = 145p).
Therefore If a bid does come in I would have thought it would be in the region of 145p.
From the RNS dated 15th July 2022 regarding the result of the placing.
"ANGLE plc (AIM:AGL), a world-leading liquid biopsy company, is pleased to announce the successful completion of the placing of new ordinary shares of 10 pence each in the capital of the Company (the "Placing Shares") announced on 14 July 2022 (the "Placing") and the concurrent offer made by the Company for retail investors to subscribe for new ordinary shares of 10 pence each in the capital of the Company via the PrimaryBid platform (the "Retail Offer") to raise aggregate gross proceeds of £20 million, together with a subscription for new ordinary shares of 10 pence each in the capital of the Company (the "ManagementSubscription Shares") by certain directors of the Company to raise £130,000 (together the "Capital Raise"), in each case at a price of 80 pence per share (the "PlacingPrice"). "
All IMHO.