Member Info for Fourprinces

$WHSP pre-market...

https://www.nasdaq.com/market-activity/stocks/wshp

Kerrs. £5m.

It's happening

For anyone asking where the 70–80p talk comes from, it’s just basic maths.

At 55.5p the market cap’s around £57m, with net debt of ~£25m, so EV about £82m. For a global eyewear group turning over ~£200m, that’s 0.4x sales – cheap.

Most trade buyers or PE funds pay 0.6–0.8x sales for consumer brands with margin recovery potential. Even 0.6x gets you close to £120m EV, which after debt equates to roughly 75p a share.

Inspecs also owns strong labels – Superdry, Barbour, Radley, Ted Baker, etc – plus vertical manufacturing in Vietnam. Streamlined costs and new management mean EBITDA normalising next year, so 6–7x forward multiple is realistic.

Two credible bidders already in play and a third sniffing around assets. If either party wants exclusivity, they’ll have to go north of 70p.

My view: anything under that and the board will hold out. 75p looks fair value – 80p possible if a strategic comes in.

Eco Buildings Group PLC

("Eco Buildings" or the "Company")

Update on Chilean Operations

Eco Buildings Group plc ("Eco Buildings" or the "Company"), the AIM-quoted designer, manufacturer and builder of advanced modular housing systems, issues the following clarification in response to recent investor enquiries and online commentary regarding its operations in Chile.As part of Chile's regulated social housing framework, all projects are administered through licensed entities known as Entidades de Gestión Inmobiliaria Social (EGIS), officially accredited Social Housing Management Organisations that act as the primary interface between government programmes and private sector delivery partners.Eco Buildings' agreement in Chile is with E.P. Solhabit Ltda., a fully licensed and accredited EGIS authorised to participate in Chile's national social housing programme. Under this framework, Solhabit designates the qualifying recipient families and oversees compliance with national housing policy requirements, while Eco provides its advanced modular housing technology and construction expertise.The Company confirms that its collaboration with Solhabit is fully consistent with Chilean administrative procedures and housing legislation. Eco Buildings is also in active and extensive discussions with several additional licensed EGIS entities, reflecting the substantial and growing demand for the Company's innovative, high-tech, and energy-efficient building systems. There are in excess of 370 licenced EGIS organisations in Chile.

These arrangements are set out in the Government legislation : Resolution 1439 Exenta under the New Housing Policy of the Chilean GovernmentEco Buildings continues to progress these opportunities in a structured and transparent manner, ensuring that each partnership meets both local regulatory standards and the Company's own governance requirements.Further updates will be provided as developments occur.For context, investors can refer to the publicly available documentation outlining the EGIS framework within Chile's national social housing programme. Please use the following link:

https://www.arcom.ac.uk/-docs/proceedings/ar2008-371-380_Salvatierra-Garrido_Pasquire_and_Thorpe.pdf

Bid will be 70 minimum

Https://www.tipranks.com/news/company-announcements/inspecs-group-plc-receives-multiple-acquisition-proposals

After hours rns last night https://www.lse.co.uk/rns/SPEC/statement-re-possible-offer-fos762ncfzlnvet.html

In similar UK mid-cap takeovers of loss-making but cash-generative industrial brands, bids typically land at a 35–60 % premium to the pre-rumour close. With SPEC up 18.5 % today to 48 p, the market is implying an indicative range of ~55–70 p per share if a formal offer emerges.

Https://www.investegate.co.uk/announcement/rns/inspecs-group--spec/statement-re-possible-offer/9190747

Https://www.youtube.com/watch?v=Bcn9LcV2nvY

Total project exposure: ≈ £950 m +

Even hair-cut by 75%, that’s £237 m potential vs £29 m mcap — roughly 8× undervalued on a revenue-to-cap basis.

If ECOB were valued at just 0.2× secured/projected revenue (typical for modular housing peers), fair value would sit near €190 m (~£165 m) — that’s ~6–7× today’s price.

Bottom line:

Chile alone underwrites the whole mcap.

DR or Senegal could double that again.

Https://www.youtube.com/watch?v=ExprWxZGkgg

FWIW the late prints (post-15:30) in ECOB today look like buys, not delayed sells. Here’s why:

Spread through the afternoon: Bid 23.6p / Ask 24.6p.

The trades at 24.75–24.80p were above the mid-price, which usually signals buys.

Even the 27p trades (earlier) were well above the bid at that time which is consistent with aggressive buyers lifting the ask.

UT close trade (24.80p, 68,897) confirms the final price was driven up by buy demand, not selling pressure.

Every late trade from 15:35 onward (24.6p–24.8p range, “O” flag) fits the delayed buy pattern — large buyers taking stock into the close while market makers clean up the book.

Raised in september and new contract pays for itself

A while yet

AMG → UPSA Transaction Timeline (Base case)

Phase 1 – Confirmatory due diligence & final SPA schedules

→ Mid-Oct → End Oct 2025

• Legal, financial and technical DD wrap-up

• Confirm vendor warranties and CPR disclosures

Phase 2 – FCA eligibility & Prospectus (first submission)

→ Late Oct → Mid Nov 2025

• Eligibility letter + draft prospectus submitted to FCA

• First comments expected ~10 working days later

Phase 3 – FCA review rounds + Rule 9 whitewash work

→ Mid Nov → Early Dec 2025

• 2–3 FCA iterations typical (≈ 4–6 weeks total)

• Independent advice letter for whitewash circulated in parallel

Phase 4 – GM notice & shareholder approvals

→ Late Nov → Mid Dec 2025

• Circular issued with 14 clear days notice

• Resolutions: Rule 9 waiver + RTO approval + share authorities

Phase 5 – Free-float top-up / working capital raise (if needed)

→ Mid Dec 2025

• Placing or structured raise to meet >10% public float requirement

Phase 6 – Publication of FCA-approved prospectus

→ Mid → Late Dec 2025

• Triggers formal Admission timetable

Phase 7 – Admission & Completion (“red dot”)

→ Late Dec 2025 → Jan 2026

• Issue of Consideration Shares (UPSA 97% / AMG 3%)

• Trading commences on Main Market as enlarged group

Pin that lol

Keep that rate up and it's £4m to Kazera annually

Isn't it just ;)

MMs have been filling big buys all morning