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Is the deal final or is there scope for any other developments? From these articles it seems that it all confirmed - http://www.marketwatch.com/story/888-to-buy-bwinparty-for-8933-million-2015-07-17?siteid=rss
And still the stock price does not move ... oh well
Please pardon my limited knowledge of stock market. Now that there is a public bid valuing the company at 1.10 per share, shouldn't the stock price at least increase to be near this value. Why is the stock going down. Do the shareholders expect that no takeover will materialize?
Stock going down right before the AGM. Is there something which big investors know
I find it really surprising that even after two suitors have come out and said that they are ready to pay 120+ per share, the stock prices is still stuck at 107p. The confidence on this board is so low that no one really believes that a deal will actually happen.
At current SP, market cap of bwin is 900 million, but 888s bid itself is around 1bn, so shouldn't the stock price increase till the market cap is 1bn or have I missed something here?
It only popped up by 5%.. while 888 shares are down by 5% Looks very tough to reach120
For sure this is a very confusing time...to hold or to sell...during the last rumour driven jump folks held on as they expected 1.35...and we ended up at 80...not sure where we will end up this time...north of a quid I will be tempted to wash my hands off this whole business
As GVC is positioning it as a reverse takeover, I don't expect the share price to jump much...last time the SP jumped 20% just on rumors of a bid...this time even when there is a confirmation of a bid, the SP has increased only 5%...I
yeah..this BoD is an expert in delaying deliverables
SP cooling down now
Isn't the BoD obligated to inform the exchange immediately if any deal is finalized
I had got an update from a source which said that the company promised the employees an update on the takeover decision by end of April. Knowing the management and their habit of missing targets, its no surprise that there is no update whatsoever even after 6 months.
After the results, I don't see any real possibility of an upward move. The SP might stay at 75-80 level for some time but is bound to go down further. I don't think we will hear any positive news on the takeover. If nothing happened in last 5 months, then I don't expect anything to happen now. Even if there is a deal, it will be at quite a discount which will not affect the sp much.
The SP has gone below 80...I guess at this level a lot of stop losses will get hit...looks like there is absolutely no confidence for tomorrow's results
The question to ask is why is anyone still invested in this stock. This is a bad stock to hold by any type of analysis: bad management, uncertain market, better competitors
So, assuming it gets confirmed that there is no takeover (which is quite likely) how low will this stock go and stabilize. What is the value of the company 65p, 50p.
My suspicion is that there is no backup plan and hence there is nothing to inform the market.
When are the next results expected from bwin.party?
staying invested in bpty is like dating a skank...you know she will lead you to ruin, but you still have hope against hope that she will come around.. I see this stock diving further on Monday