Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
I can't help but wonder if the bigger financing package includes Ironveld. I have absolutely no real reason for saying that - just a feel. Meanwhile, nice to know we're on track, but the track does seem to extend to the horizon, doesn't it?
The new bid is welcome, but not especially surprising. Now to see what Fortress does. I expect they'll now bow out and if they do, I think we'll be hearing from Amazon shortly thereafter.
Ah, I remember them all well. Actually, my theory is that our troubles all started when Richard left and started making tea on another board. Now perhaps if we all got together to offer him a little incentive to start making tea on this board again...
(Don't laugh, those of you who weren't here. For a time, when Richard went out to make a cup of tea, the sp was invariably higher when he returned. Didn't seem to work with coffee, though, as I remember it.)
The important thing is is that operations FINALLY seem to be on track and headed in the right direction. Now comes the really difficult part - waiting.
"The sad fact is the higher the price goes, the more they'll strip it down."
Not necessarily. The main reason amazon would want morrisons is to ensure the continuity of its operations. I've always thought that they'd be willing to pay a top price simply to prevent one of their major suppliers falling into the hands of an outfit that WOULD strip it down.
The fat lady hasn't sung yet
I would expect that Fortress has already prepared its counter-counterbid with the price range determined, the exact price depending on CD&R's counterbid. Amazon is still in the wings waiting to see what actually happens.
I'm with you Funky. I've got a bit in this company myself and I'm still quite confident that it will come good in the end. Actually, much better than good. I did some major adding at prices under 1.00, so I'm not adding more now. Even mrs gmed is still very positive, which is always a good sign.
And don't forget, Amazon can make an offer in shares or a combination of shares and cash, which the other bidders cannot. This gives Amazon the ability to make a far higher offer than the others and still have it make economic sense.
I'd be happy just to see the company survive until 2023
Hi Betram - Thanks, but a wager is a wager. But good job I didn't risk more on this! And your 10 quid isn't safe yet!
I've always believed that Amazon would be the last to come to this party. I think they will wait until the dust settles and they know exactly who is and who isn't in this and at what price(s). They will then come with a "knockout offer" and be the ultimate winner. This is all pure conjecture, of course, but if I were in Amazon's position, that's exactly what I'd be doing. (This may explain why I'm not on Amazon's board.) And as I see it, There is now even more urgency behind Amazon making an offer for Morrisons because, as jedclampit speculates, if Apollo joins Fortress, they may be plotting some sort of splitup of Morrisons. This would be very bad news indeed for Amazon, which would then see the reliability of one of its maior suppliers potentially threatened. I just cannot believe they will allow this to happen. (On the other hand, I also could not believe that personal computers would ever be a success either, so take all of this for what it's worth haha)
Mrs gmed read the rns and said, "Fine rns - should send the sp down nicely. It's traditional with wres, isn't it?" Haha, I said, but then we saw the opening....
All very encouraging!
I doubt we'll have to wait that long. And if there is a rival offer, it will almost certainly be in excess of the current sp. So yes, if there's no new offer, it will cost you 12p, but if there is one, selling at the current price will also have a cost.
This is one time when the rampers' famous phrase "wouldn't want to be out of this over the weekend" really does make sense! Haha
Bertram, you're a bookmaking pro, but you're on at 10/1.
Bertram, Amazon is still in the process of testing the self-checkout supermarket concept in the UK (stocking it initially mainly with Morrison's products). They opened the first one in Ealing only in March, so I don't think any final decision has yet been reached. As long as no one else made a play for Morrison's, they were probably happy to just continue with the test. But now they're forced to take a decision and, as I've said before, I don't think they'll be too concerned about what they have to pay to buy Morrison's; they'll be far more concerned with what the long-term cost to them will be if they DON'T buy it.
Ok, how about 15/1 on the bet haha?