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Worked buy orders as price was NT for so long at 3.90, price ticked up blue bang on 4.19 when the 2nd of the 250k was reported. And into close the bid was the strongest it had been all day. Looking good to break back over 4.
Interesting article with what that major shareholder is saying. Was 47p before leaked bid and basically saying should accept around 1bn so near enough 100% uplift.
Saw with asos the bids talking around 1bn. Asos down over half this amount on mcap. Boo no doubt be in similar boat true value with current market conditions nearer 100p. Just need that leaked bid eh. If currys does sell Mike will do handsomely out of it and have a lot of free cash about. Expecting another tr1 from Mike shortly here. Have a good evening.
https://www.cityam.com/this-clearly-shows-the-absurdity-of-uk-stock-market-valuations-currys-urged-to-accept-offer-that-values-it-at-over-1bn/
There’s another delayed buy from 3.80 yesterday. Said there was orders on book that was was waiting to be filled and they were trying to get price down by doing phantom trades at lowest price they could to try to panic people into selling so it would be filled.
Indeed. You see Nuformix example this morning struggling to raise only 150k at 10% discount. Clearly those who took fab placing were happy with the prospectus and the outlook for fab. As I said turnaround now for them. Costs down. Funded with a nice runway. Large clients and business coming in and big partnerships in place.
Whether you are a trader or mth/lth there is lots to like as Key is buy post placing, its funded, less risk, the company is able to progress, pumps out news, gets a rise & onto the next. To get to buy in sub 4 is gift.