RE: Going Forward17 Feb 2017 08:53
With BOD playing it to Deleks handsome with that RNS I would expect people to lose faith and sell out. SP is stagnant here for the time being with no new (well poor news) there are much bigger gains to be made in other places e.g. Sou being another oily. The offer was made in Canadian dollars and with the triggering of article 50 likely soon, the exchange rate will likely not jump in the £ favour and so will not even receive the £1.20 it will be less. It's absolutely disgusting what BOD have done here. Would you really trust them in the event the sale did fall through.
I expect a large percentage to be obtained if it is not the full 50% the offer will just be increase cent by cent until pi's are worn down. In the event it doesn't and they up the offer what can you expect £1.50 surely there is more upside in other stocks 8in the time it will take you to find out. This was a fantastic stock, but you can never be to complacant.