Member Info for Jimzi

Max buy 250k - 11.299p
500k to sell 9.72p

Join the dots folks

If new bidder can slot BRY ops in:

£11.4m GP - halve O/H so minus £4m - over £6m annual profit.
That's why Hanover are willing to increase

9.77 for 500k [after 100k sell]

There's a rush on

This is where a small float may kick in

Well 500k upto 9.6p
Its moving with more sells than buys.
Got 25k sb more at 9.82

Well can sell 500k for 9.55p.

Lord knows whats going on

even the book is pants 1.5m 44 v 67.
Dunno why the auto bods are still interested really.

Ask being loaded - not a great sign as looks like one ii may be happy with it - there again, I'm sure we are going to get a few strange trades

A bidder with synergies is so impt as if operations are absorbed with little fixed overhead increase, your 60% gross profit on recurring income becomes net profit.
Do a p/e on that scenario!
Competitors know this - its a one off opp.

Cause there was 250k on the ask for 9.75p and someone wanted more so uncrossed at 275k

Depends upon how pro-active the iis want to be.
They would win breach of fiduciary cases against the BOD if a higher offer came in - it would be obvious it was blocked to save their jobs. So they could destroy the BOD.
Comes down to do they want a quiet life or get peed off. -whatever, it will be very interesting.

Anyway, pointless continuing - everyone has to take their own view

should read from the annual accounts

So Hanover have said they will increase the offer if another bidder comes in. [so admitting its worth more than 10p without synergies]. From
1] A look at the revenue explains why - 70% recurring and 15% licence fees - best type of rev to maintain your mcap.
2] Gross margin - 60% - oooh, lovely.
3] EBITDA £2.6m - not bad.
Business is very scalable - very good for bidder in same business - as is all of the above.
Interesting is I cannot find any info on Directors emoluments in the final accounts but interims had £8m total salaries for 6 months so £16m. Think of the directors costs that could be saved - £3m? More?

Carmen Carey joined the Company as CEO in February - ummmh.

So £8,4m is a derisory offer and Hanover knows it - as do the BOD

seem to have missed the case here.
Most problems with shares is determining what the right value is - which is why many duffers overshoot based on hype and twitter etc.
Here, someone has done due diligence for us, committed to a min of 10p and will increase it if another party pops up i.e it is worth more than 10p. All to be resolved in less than 30 days.
And someone sells 136k at 9.2p - giving Hanover [or me] £1,088 .

Got some more sb at 9.32 - [50k]
7% interest for a month and a free lucky dip ticket. Cheers sellers.

Ffs, I was just taking the pee out of his name ! Still , why not be bullish. £3m in the bank kids - total silence!

If you can’t trust him, where’s Mick McManus?

max buy 250k at 9.88.
Will take 500k above the bid - suprise.

Before they could manipulate stop losses - no longer - assuming no one has set one after the news.

Pathetic shake. 9.11 to sell 500k and no rsp quote to buy that now
They won't work anymore Hanover.
Good sign though