RE: Mr SpaceTomato Acquisiton Question28 Jul 2021 03:33
The problem with this business is the valuation and potential valuation. If you were offered today 40 pence a share that’s a good mark up, in theory the buying company has made a good offer however next week the sp could be 70 pence snd a years time 100 pence plus.
Realistically the buyout couldn’t happen until the sp had reached a decent level or shareholders wouldn’t sell. Maybe a company knows it’s true value and could offer 1.50 next week however that could be double the sp snd very few businesses wouid offer double its current value as it’s not good value snd share holders could also reject that offer hoping in 6 months to get way more