Member Info for Knowbodyyouknow

How odd.
They simply must have had sight of the bid/bids.
What are they thinking?
Don't write them off. I made that mistake with BOO.
One can only assume they expect the bids to fail and the price to fall.

I think you're right Marlin. It is to be expected but they price is below the first offer price and we can at least expect Candy to beat that offer (if indeed he makes a formal offer). I'm finding it hard to see much downside here but you never know. And we know that the press have the knives out for MM. Might be a bit of a rollacoaster.

*Why take profit when it could open higher Monday ?*

Perhaps some are/were exhausted with the perpetual lows and manipulation over the last few months / weeks. First sign of sun and they are off. Time will tell what the right decision was. My view is hold on for dear life, the engines are just firing up.

Question now becomes whether there will be a little surge towards the end of play (as people bed in for the weekend) or a dip, as the skeptical among us - as well as traders - sell off.

I did the same - although a little higher in my excitement. Still, what we know is that someone is willing to pay £1.70 for the business at first blush. We know that someone else who knows that this figure was rejected is preparing a bid as we speak. We also know that the SP is currently at £1.45. Finally, most of the sane among us know that the company is worth more than the current value even without a bid. So, on the above basis, this simply has to be a hold or a buy for the more cavalier among us.

DYOR

Reiterating their 700p target, today.
Be interested to read the note.

Sellers - there is a wall of sellers who aren't taking the risk that a bid will not be successful. At the moment they outweigh those who think one way or another this will be sold at more than current levels. Also traders and a Friday perhaps (generally a weaker day). I suspect it will drift down into the 130s and then next week should see a move upward. JUst my guess.

DYOR

*Candy Ventures confirmed on Thursday that it was in the preliminary stages of considering a possible £1.4bn offer for THG. Candy now has until 16 June to make a formal bid for THG or walk away under UK takeover rules.*

Given that £1.4 is considerably lower than the rejected bid. Surely they must have been sent packing and be revising the bid as we speak (hopefully).

RNS (and press speculation) came yesterday evening.
THG currently considering a bid from Candy, after rejecting a 170p a share bid from PE.

Never mind 170 - really this should be knocking on the door of £2 right now. Let's not forget most of the big holders are in at much higher levels - it would be extraordinary if £2 were accepted. I guess the reticence is down to the risk of no deal.

Except the media seem to stick the knife in here - not so much with TED.

Yep - just taken a risk (for me) and added 5000 more at these levels. Never average up like this - but I can't see anything less than £2 being accepted (or even offered now), so the risk lies in the bidders walking away.

40,000 of these now. Hoping for 300p +

GLA

Surprised it can't find 150p.
Seems to be the resistance.

...And it was more than obvious that the SP here was completely detached from operational reality.

Yes, I remember some that threw in the towel a month or two back. Patience typically wins out when it comes to these things.

Makes you wonder why the big dump yesterday - one that seemed completely out of step with putative contemporaries.

Vultures are circling THG ...could we see some corporate activity here soon? My guess is BOO will also rise on this news - although, not sure how significantly.

Blackrock are out entirely according to one of their memos to shareholders. This was documented on this BB sometime ago.

I would be very happy with 170p, but then my average here is less than £1. I suspect we're looking at about £2.50 - £3, when all is said and done.

Just woken up to the news.
Exciting times.

I'm in 14th place it seems; although, no idea what the table even represents.
Good luck to all participants, however.