Takeover @ 1.5p a share could24 May 2018 03:16
maybe happen? An uplift of more than 50% to the current sp. That is about �34 million.
I think a reality check is needed here. Easy to shout it's worth whatever, but the market today valued the Company at 1p a share, approx �22 million. Any bidder will know that most holders will simply sell at 1.5p a share, and frankly if it's 1.75p a share are there many that would not sell? So if Colin and the board reject 1.75p a share the bidder IMHO will simply go hostile, offer 1.75p a share and get control. It's there for the taking at around that level of that I am sure. To be honest I would take 1.75p a share myself. I mean if I had sold today I would have got only 0.9p ish!!!
I'm thinking offeror will bid 1.5p, then up it to 1.75p............. Bye, bye Ascent.
All IMHO.