SPGH29 Oct 2014 11:04
Hi riddler My biggest worry with SPGH is that it was down to 20p then bounced down as news of the rights issue leaked and SP went down to 5.25 so a large holder could buy SPGH with a little help from other holders for little more than 25% of its true value IE 6 or 7p and if they mention going private about 3p per share then have a buyback of shares at 5p and they end up with SPGH for nothing.Also as a large holder has only bought SPGH at the 5p rights he would only have to offer 5p per share to get control.GL.