Member Info for Ilovesushi

Technically it is a possible offer.

The official offer has to come before the 17th, unless both WG and Sadira request an extension.

An extension first is mostly likely. Then suspension. God knows what then. Sadira is hoping that a third party does not show up. That would put a rocket under these. But for that to happen a third party must show its interest in the next 2 weeks. If after it will make no difference as the shares are suspended. But boy if a second offer is made by a competitor then game is on and the share price will rise further. Many could buy to take benefit of this rise just PRIOR to suspension.

The eventual "firm and agreed offer will be higher imho".

This should climb to 35 pence or close to it at some point. Exactly 25% higher than the price atm. So a good buy. Two weeks to go until the suspension. Imagine that a new third party enters the field and makes a counter offer while the shares are suspended? Wow what a scenario. Not a scenario any shorter would want to be in. So shorters to close prior to suspension?

I am happy to buy more prior to suspension. STRONG BUY.

This offer was made to dampen expectations. Any new offer above this are just sweeteners. I do not believe that large institutions will take the hit. They will want more. The way now is open for a third party to enter talks. Its a low bid and at a time when the company is venerable. Sadira has not walked away which is a good sign. The management can very well go back to Sadira and suggest a higher price to convince the institutions that is the best value. The third party entering the game will set this alight. Strong Buy

Bought a small amount at the bottom of the day. Not an easy thing to buy at the bottom. I think I got the low of the day.

Arbitrageurs seek out situations where a financial instrument (like a stock, bond, or currency) is priced differently in different markets. They then buy the asset in the market where it's cheaper and sell it in the market where it's more expensive. Or exploit a situation where they believe the price may rise.

It is so far a tentative offer and Sadira has until Thursday to make an offer or ask for an extension. This extension will be agreed and the company`s shares will be suspended by the end of the month. Clever move by Sadira. They got good advisors and are using this time of uncertainty to their benefit. They will be free to raise their offer and it is quite likely a 3rd party could enter discussions. Really investors have no choice if they want to make more money is to buy prior to suspension and it is during this time something could happen. Sadira or any other party are free to bid during suspension time. What a great game this is.

Definite extension. The offer will come during extension time and no doubt while the shares as suspended. Shareholders are already in the dark and cannot do much during the time the shares are suspended. Still like TallPaul from NY suggests this will have to be voted on. There could very well be a counter offer and the shares cannot go up if they are suspended. The time to be in therefor is for before the shares are suspended. Let the fun and games begin.

Actually it could be a very good time to buy before suspension. If an offer does come prior to suspension or during suspension Sadira is not going to be able to buy shares cheaper. If it was an offer they could now be allowed to buy as the share price is lower than the offer.

Lets see if there is a new interested party. This could go quite wild.

I am expecting the company to soon announce that WG have been approached by a 3rd party. Then watch the share price jump. A competing offer will be higher than the 35pence indicative price by Sadira, forcing Sadira to raise their offer price. Good luck all.

34 pence

It is NOT a firm offer. That must come by 17th. or Sadira must ask for an extension.

It is quite possible that another interested party may reveal themselves. Hold on guys. It is not over yet. In fact it is just starting. Sadira despite what is known is a willing buyer still and has NOT walked away. It wants the company and has the cash.

Lets see if anyone else wants the company and has the cash. All is good.

We have an indicative offer.

There can be no certainty that an offer will be made, even if the pre-conditions referred to above are satisfied or waived.

They must make an offer by the 17th April or seek an extension. No doubt that extension will he granted by the end of this week for another 28 days?

Now would be a good time for a competing offer. If one comes in Sadira would have to raise their offer. Hold on Guys. There is more gas in this.

Good luck

I had planned to make 200% with 85 pence offer. Looks like I will have to accept the 50% that the offer gives me. Looks like the management is done a deal where they keep their jobs and receive bonus's.

Still 50% return is not bad. Could have been better.

Who was it that said these would go to the teens and Sadira would walk away?

Wrong on both counts..

35 pence.

I cannot see it getting accepted. Its an offer and the main thing is they will no doubt increase it if it is rejected.

Then if I understand it a 60 day period is given after the offer is made, which can in special circumstances also be made.

The Takeover Code allows for offers to be made while a company's shares are suspended, but the offeror must be careful to ensure that all relevant information is available to shareholders to make an informed decision.

Yes, a company can make a takeover offer even when the target company's shares are suspended