RE: Price5 Jun 2023 11:35
Punting estimates on what the price will be is going to be depenedent on bucketloads of stuff we're unaware of but, primarily, how hard the company wants to gouge the price without tempting rival offers coming in (or even whether there would be another interested party). most of the reason for 'city rumours' about rival bids is, i suspect, just to aloow someone to transfer theri shares into pi hands. the only time rival bid rumours have a true effect is when the company say there have been talks and low ball offers so we can see what the support level is for the sp.
atm, i'd suggest most buyers from the 340 mark are baling as guaranteed profit is better than maybe offer (which folk can get back into if they want, anyway).
so, lets see the sp break 400 and hold it before getting euphoric, eh!