What level would a cash offer be made at per share?
What would the "run off" value be per share?
"As announced in the Group's most recent update to the market on 8 September 2020 it is expected that transition of the Group's investment management contract to WAM will be completed as soon as practicable. Discussions regarding a possible cash offer by WAM are also ongoing.
Since 30 June the Group has continued to reduce leverage and increase its liquidity. This pattern is expected to continue in the light of continued market uncertainty resulting from the COVID-19 pandemic and pending the change of investment manager.
If a cash offer for the Group is not completed the Board expects to recommend to shareholders that the Group's investment policy is changed to provide for a controlled run-off of the Group's assets and return of capital to shareholders. Any change of investment policy will be subject to shareholder approval."
This what Motley Fool actually said about Cineworld
"Cineworld share price: not a happy ending
I believe Cineworld is a decent enough business that should survive. But the group has loaded up with debt in recent years, mainly due to acquisitions. Some of this debt could have been repaid by now if the company hadn’t chosen to pay generous dividends at the same time.
Cineworld shares looked risky to me back then and things have only got worse. I think this movie is going to end with existing shareholders getting heavily diluted in a big equity raise.
I’d stay well away — I think there’s a good chance that Cineworld’s share price will keep falling"
Pets at Home Group PLC (LON:PETS) said its full-year underlying pre-tax profit is estimated to be ahead of the current market expectation for £73mln.
The pet care business, which could only sell a limited amount of products during the coronavirus (COVID-19) pandemic lockdown, said the momentum seen after all its operations restarted in the summer has continued through the past month.
READ: Pets at Home preferred by Liberum among animal health stocks
In the eight weeks to September 10, 2020, the company said it delivered “double-digit like-for-like growth in customer sales”.
Shore Capital moved the stock to 'buy' from 'hold' arguing with the earnings momentum and the self help levers available to the company that the shares have further to rise.
Analysts at Peel Hunt raised the target price to 350p from 300p and upgraded full-year profit expectations to £85mln from £77mln