Member Info for liam1om

What do they do in the Mediterranean or elsewhere?

I understand that, but I can list five companies this year who have had offers and sat on it whilst getting multiple bids. They just ignore the takeover code and do what they want.

MTRO were required to RNS on Monday after the weekends comprehensive story by Sky. They are obviously in talks, just a matter of when we find out now. Saying that, MTRO has a habit of just not RNSing offers. Look at past stories.

That's what I'm taking away from it. Sky's article on the weekend was quite specific about who was bidding and when they had been approached. Usually companies issue an RNS withing hours confirming. The fact they havent, suggests they are in serious talks.

I think you read it wrong!

Downgrade by Panmure to 200.

Sorry my mistake, up 3%, big difference...

Closed level! Who would of thought that! Either some seller kept on the book without seeing the news or this rallies hard over the next few days.

Thought it might of put in a bit of a bounce on that FDA approval RNS today.

Buy backs stopping on the 13th is a bit of a concern to me. Why stop just before a possible trading update with the AGM. To me it seems possible that the financials are done and they've given a nod to stop the buy backs until after the results when it could be cheaper... Hope I'm wrong.

US closed today I believe.

I've just bought in here with a decent amount. That's a significant positive development and this is ridiculously undervalued.

I think its more risky to be out if they RNS this soon to confirm. Good luck all.

Step-by-Step Breakdown:

iR Valuation and Fund Stake:

iR's new valuation: US$12.25 billion.

SVV1 (Sure Valley Ventures Fund 1) holds a stake in iR, acquired through the Landvault transaction. At the time of acquisition, Landvault's stake in iR was 7%.

Thus, SVV1's stake in iR is worth:

7\% \times 12.25 \, \text{billion} = 0.8575 \, \text{billion USD (US$857.5 million)}.

Mindflair's Stake in SVV1:

Mindflair holds a 13% direct stake in SVV1.

Mindflair also holds an indirect 6.1% stake in SVV1 via its 25.9% holding in Sure Ventures plc.

Combining these, Mindflair's effective total stake in SVV1 is:

13

%

+

(

6.1

%

)

=

19.1

%

.

13%+(6.1%)=19.1%.

Value to Mindflair: Using the valuation of SVV1's iR holdings (US$857.5 million):

19.1\% \times 857.5 \, \text{million} = 163.78 \, \text{million USD (US$163.78 million)}.

Currency Conversion (Assuming a GBP/USD exchange rate of ~1.25):

163.78

 

million USD

÷

1.25

=

131.02

 

million GBP

.

163.78million USD÷1.25=131.02million GBP.

Estimated Worth to Mindflair:

The increase in iR's valuation translates to approximately £131 million in value to Mindflair through its direct and indirect stakes.

This represents a substantial uplift compared to its existing NAV of £7.488 million as of the last half-year report (30 June 2024), showcasing the material impact this valuation boost could have on the company's balance sheet.

Not invested here at all, but these comments remind me of 4D. The CEO Duncan Payton would do invester presentations wearing a fluffy jumper in his loft conversion at home, whilst not bothering to shave.

Gave me no confidence, but stupidly I stuck with it and took one of my biggest hits ever as they eventually went bust after missing a relatively small loan repayment. I never understood why they didn't just raise a few million rather than letting the company go under.

What a weak reaction to that positive news yesterday. I was honestly expecting us to head back to 300.

I'd hate to see the reaction if we actually win the appeal, I'm guessing down 25%?!

Theres about 300 posts discussing this in lenght. Please check back.

You had a 20% increase yesterday.

Immediately after the RNS yesterday some big sellers appeared. In my opinion it is insider traders getting out after the original approach back in July. Who could blame them, its a healthy profit and if StoneX walk away there is a high chance we will be back into the 80's. If I was a up a few hundred thousand or so, I'd be running for the door now rather than gamble it on the bid going through.

At the moment its priced as a 50/50 chance of going through. Roughly 25p upside if it does, roughly 25p downside if it doesnt.

Exactly, first bid was at 115 back on 30th July, why wasnt the market informed?

The first offer was actually 115!

I reckon some note went out just before 2pm today as it started shifting from there. Be interesting to see if 355 was the bottom.