Member Info for Ginoir

The last 2500 buy is mine, unfortunately I don't have more funds available or I would have bought more, IMHO it's a no-brainer for the medium term. Though (don't shoot the messenger) I do agree with some on here that the news was already priced in to some degree, hence the lack of upward movement this week. But again, happy to top up on the small downward movement and wait for the reward a bit later.

Good for me, seems they are listening finally!

Buying under 4 is a result, only 1 MM still hanging on at 4 now, rest are 4.3 and North..

Now cleared, seemingly against a couple of new, lower sell offers that were presumably input not knowing there was a 4.0 offer out there, awaiting trade details to be confirmed, as the MMs did not sell their advertised chunks. Some weird behaviour going on....

There is a bid of 4.0 (100k shares, so 5 x a MM lot) on L2, but not reflected here... anyway once LSE get their finger out this should be 4.1 based on L2 visible (4.0-4.2)

If someone knew something bad they would surely have sold before the SP dropped again in the few days before the RNS!?

I think there has simply been insufficient interest in this share to either sell or buy significant quantities, until yesterday...

Well it ain't working, the spread is shrinking quickly as the bid rises, and though L2 is not perfect for this share I can see only 40,000 shares available at 4 and then it's 4.3 and onwards....

Yeah but MM volumes of 20,000 (now only 800 quid!) are small for many retail investors, either buying or selling...

For every seller there is a buyer...

Yes we are moving now that the 3.5 seller is gone. Remember how illiquid this share is, this could go rapidly now. Certainly hope so!!

3m+ shares just changed hands, dunno why anyone wanted (/had) to sell at 3.5 after yesterday's news, but someone was clearly happy to gobble them up. Wonder if we will see an RNS, if it has sent any party over / under a reporting threshold? Anyone will hopefully free things up for the expected rise based on the RNS - IMHO....

Anyone that has followed Malcy over the years will know not to take his word as gospel, but the following is reasonable commentary IMHO....

Well, well, well, Jay Bhattacherjee and his team has done what he said he would when he came in as interim Executive Chairman and has now signed HOT’s for the Egyptian assets at what must be a cracking price if it is ‘significantly’ in excess of the company’s £8m market cap. [Yes, I know this is not quite what was said]

It has certainly beaten any expectations I had for the assets after the announcement earlier in the summer when it was announced that there were many potential bidders in the room. Whilst these things always carry a degree of transactional risk it sounds like it is quite a long way down the road and it is my understanding the deal will be in US Dollars and not exposed to Egyptian currency risks so homework has been done by the Company.

Once closed I understand that Jay will pay down some debt and a few outstanding bills, maybe redeploy some in Morocco and of course patient and longstanding shareholders would like a small piece of the action as well. Jay always said that he wanted to create long term value for shareholders and this deal looks smart enough for that to have been the case, I’m very impressed.

Still don't understand the games being played by the MMs today, but at least some of the more ridiculous low ball spreads have now disappeared since yesterday.

Something weird definitely going on with buys v sells, MMs, SP... I mean who sells on the back of that RNS? I am not suggesting SDX is suddenly a screaming buy (though as a LTH I thought the RNS positive), but what is in there to make one sell?

Well it SHOULD be well North of even that range, but who knows....

I know it is vague but that RNS is good for me

"the consideration, as currently calculated in the Heads of Terms, will significantly exceed the market cap Consideration Test threshold."

Anyone know what this means? Tks

No but for those who can see positives it's taking sweets from a baby. The single "buy" of 40,000 is mine, happy to average down here. All the bad stuff is already priced in at this level IMHO, so any bit of good news, no matter how small, sends this North, and rapidly given the low liquidity interest. Don't get me wrong, I am not saying this is multi-bagger potential, not in my wildest dreams, BUT I do think it can and should return reasonably quickly to the "highs" of the last 12 months, which is still well above today's SP.

For what it's worth I am in for the Morocco potential, anything at or above par for Egypt will be a bonus, and a welcome exit from that market. And even a cheeky takeover bid will be well above today's SP!!

Well someone clearly wanted to/had to sell this afternoon, which is a shame, but it's still a nothing volume in the general scheme of things. Very low liquidity/interest in this share has been a problem for a while. But if/when any kind of positive news comes out - and there are things potentially changing in various areas - then the low liquidity will have an outsized effect in the opposite direction of course. I am a very frustrated LTH but I see no reason to bail at this point, the company isn't yet on the verge of catastrophe, and I think there is a reasonable chance to make at least some of my loss back in the coming weeks and months. Don't panic, Captain Mainwaring!