RE: RNS10 Mar 2021 16:44
Hi RMR,
I actually fully expect a plunge on the SP prior to outcome of the FSP, it's been very common in previous buyouts...some scandalously harsh retraces in fact.
I think naivety is thinking there will not be leaks prior to outcome, it's simply got too many eyes and ears involved in the process not counting any bidders who've not been successful. Think about it, if you were in the running to buy EUA and your offer of say a £1 wasn't good enough you're not telling me you'd find a way of 'lumping on' right now at 25p knowing it's going to be sold for greater?
A £50k short whilst is small, it's a tremendous some of money in reality if this goes boom with not that much downside from where we are.
I want what you want and this ain't no competition, just doesn't feel like it's close yet.