The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Makes it more likely they are banking on the bid being accepted. Someone unfamiliar in the London market (and by extension Monitise) would not build a stake on the speculative assumption the offer will be increased. Moni has been heading in one direction for a couple of years now and has generally been stuck around 2.9p since 2015 with few variations. It would be risky to try and hold out for more, and considering the offer of 2.9p allows shareholders to draw a line under the situation, I don't think they will struggle to get 75%
A lot of people seem to thing this is a sure sign there is a counter offer or indication the shares will be forced higher. At the moment they would be looking at a 2.5% return with relatively low risk, and a relatively short time frame. That in itself is a good reason to invest significant sums. The catalyst for their investment has clearly been the BID situation, otherwise they would have bought earlier (and cheaper) so it is fairly clear what their aim is.
AE - How much have you lost on Quindell?
Do you guys really think these boards have an impact on price and there is a big conspiracy at play?
K3, I remember you being very positive about Monitise back when the share price was still double digits! In reality, what happens if the offer is rejected? The BOD sound defeated and seem very downbeat on the companies prospects without a buyout and if they hold this view, I doubt they have the motivation to try and turn the company around.
Just a reminder, set your stop losses! Purp is a momentum share and although it may still double from this point, there is also the chance it could stop 90%!
The Google search trends are looking very promising for growth in the near future. The may not be a huge amount of news regarding purplebricks but under the surface it is clearly picking up traction. https://trends.google.co.uk/trends/explore?q=purplebricks
They would have been hovering for a while so people were buying into the sells, rather than forcing the price down. The sells only show once complete. the 2 250's are probably a duplicate though
There is a general meeting on the 13th per the latest RNS, not sure if it is the same as the AGM
AGM on Monday, should give an indication of the mid-long term
Fundamentals almost always win. Problem is (As seen with Quindell) sometimes someone is dumb enough to buy the company! With Shorts you need to be able and willing to pay the margin calls which can get expensive. There is a strong chance this share if over valued, but it may not pop for a while and the shares could double before this happens.
Shorting could be very risky. Just eat is a stonking short on paper, and has been since 2014. But somehow people see potential in the company and continue to buy. SnapChat is values around 30billion! This share is almost certainly in a bubble, but could be a long time till it pops!
Has anyone heard any rumours about what is causing this rise? I doubt this share is flying up without something going on behind the scenes
Channel 4 are reporting their working conditions are worse than SPD. Expose tonight 7pm
There is a difference between being negative and cynical. I am cynical about this price being undervalued
Ajones, 1) I am not short 2) I doubt there is anywhere that would offer short now 3) I don't short in general. I always follow volatile stocks as there is a lot of profit to be made but they are of course risky The cat allergy medicine was the reason their share price was so high. Yes they have other products, but none offer the potential this one did. Without it the company simply isn't worth what it was (I believe the predicted revenues would have been 500mil pa). They may not have all their eggs in one basket, but the rest of their eggs are very average mundane prospects and the cat allergy medicine was the golden egg.
mmhater, he was very far off! From when he started posting the shares are down
When I first posted the shares were 99p - and you were raving about a bounce!
Why do you bother trolling this board? You are basically the only one here!!
Who exactly is going to take it down to 89p?