RE: RNS20 Sep 2019 10:23
I agree, Trellis. This is turning, or will be turning, into another Brexit scenario: on one side of the fence will be the Remoaners who with their typically high averages of 50p+ will be living in fear of the LE deal falling short of their share price average. Most of these won't want to witness a loss of money so will probably opt to "go long" in the hope that a future drill can bring some much needed success and thus theoretically cause the share price to head northwards. Then there are the Souxiteers who with their relatively lower share price averages (single figures) who will be happy with a few bags return on their investment and will take the money and move on. In short, if/when a deal is presented to us, people will be voting a simple 'yes' or 'no' to it based on what their share price average is. Of course, there are always some who will sell out at a loss in order to recoup some much needed funds. Parsons has access to the register and will have an idea of what price to pitch the deal so that it has a good chance of being accepted by the majority of investors. Hence why my belief still remains that a LE pps of around £1 would make sense in order to satisfy the majority of stakeholders. Only time will tell as to whether or not we (a). receive a credible deal from a prospective buyer that is presented to us and; (b) should we receive a deal, whether or not it is accepted by investors and passed. #excting times apparently.