M P E7 Jun 2020 17:37
Presumably KLK voted against the continuing of "buy backs". May result in occasional bargains for the "quick footed" but
2 or 3 thousand shares are of little consequence!
However MPE is a very well managed company. KLK tried their luck firstly at 6.40p and finally at 7.40p! MPE is in much better shape now with plenty of Cash, as per the Dividends.
I can see no good reason to sell although my first purchases were at about £1.60.
KLK will have to make an offer of over £12.00 to have chance of success, the Institutional holders are under no pressure
to sell, as in every case their share holding in MPE only form a very small percentage of their portfolio's
An Investor, in the true since of the world would be well advised to site tight, and enjoy the dividends.