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Sorry what’s the point of that post.
If you think this will go to 30p, you don’t have to worry about the company’s response. Just wait until it declines to 30p and you will have the chance to buy at 30p.
unless you are worried this will go 140p without touching 30p first? And if it does, who cares about the 30p placement. Ha
Yes, as @Bobberoonie confirmed with investors relations by phone on the 24th Oct:
“sale of 3 billion of share book on going and hope to be concluded before year end. Won’t be sold if they don’t receive a good offer as it’s not being done because they need the capital but to realises some of the low yielding loans and reinvest in more lucrative ways.“
Bids for the mortgage book will probably start coming next week, the start of November, as suggested by some reports.
200p would be nice of course. IMO the magic number is 140p.
It would be interesting if Shawbrook comes with that offer or higher.
They were persistent despite multiple rejections so I couldn’t say a bid from Shawbrook is impossible, I just think it less likely now with the finances sorted and the company confident they can become a growth company.
Consensus is currently mid 85p, low 45p and high 130p.
So 140p is really the magic number for an offer.
People know Glowacki. u underestimate them .
140p, that figure is not a coincidence. that is the estimated new Tangible Book Value Per share after the dilution. The est new Book Value per share is 175p ish.
So rather than wait for growth mode (300p or whatever) why not just pay us 140p. or Shawbrook could pay us 140p and gets 442p current book value per share, win-win.
get it?