Someone is clearly loading up on shares as the board just got hit with multiple 25K plus buys.
55K buy at 85p
My best guess is the loan equipment is injection moulding tooling carrying a specific logo. Injection moulding tooling is very expensive as it is machined to a high tolerance in expensive materials.
I am sure Colin would be working on roughly 80 - 85% operating efficiency and with any spare capacities past the 2M selling in the open market. Lets hope at a higher price.
Thanks Bigjock. Lots more insight and more support to LTH.
Having watched the ITV program on Thursday and read the Daily Mail article I feel its time for the Government to step in and make clear the role of the RTC. Everyone knows the biggest issue with throwing mud is eventually it sticks and for shareholders in both ABDX and ODX it is very frustrating. The good news is that by the 15th Feb we must have some news. What is even more important is that we could be using a gold standard UK made product and that actually the tax payers money is being recycled within the UK.
Its nice to read some factual logic instead of the normal Boll****!!
Looked to me that dip was puck up some stop losses!!
Even better at these levels.
It is difficult to understand why THG doesn't have a higher SP when you see daily buys outpace to sells by 3:1 and the fact that they have increased expectations on profit this qtr.
Interesting amount of RNS's after hours including Graeme Coulthard buying 300K . It is looking like the offer has been accepted by the BOD.
not a bad tactic to put pressure on Shareholders to accept 35p.
IMO GLA
£300M.
Sorry
IMO the best we could ask for is a share price of 48p and £300 for refinancing support. At this level I believe the major investors would accept the deal. This will have a neutral impact on the offer. The problem is the BOD's job is to protect the business not investors.
The RNS does make reference to changing the mix. My take on that suggests they could be asking to change the suggested spends on shares and amount for refinance support providing the overall offer amount does not change. The only issue could be is that could affect the share price up or down.
The Board, having considered carefully the viability of a range of alternative potential debt and equity refinancing options together with its financial advisers, has indicated to the Consortium that it would be willing to recommend a cash offer on the terms of the Proposal. Accordingly, the Company is engaged in advanced discussions with the Consortium in relation to the possible offer.
This seems like the BOD have made the decision to support the offer - 35p!!
I am holding on as the offer to buy shares equates to circa £220M with a further £380M investment to reduce debt (totalling £600M). A 40p counter offer only adds circa £30M to the overall offer. In the grand scheme of things nobody is going to give up a deal over 5%. unfortunately it is another wait and see.
What this offer does do is allow anyone interested in making a counter offer the opportunity to gauge exactly what they need to do.
That can't be right! Footballers are immune to Covid - (;