Member Info for licker

Jesus he doesn't work fast does he? Been there a tear and not talked to us once!

Dopey plodder!

Whose side of the deal will he really be on. The rollers or the exiters?

Just looked again at the full history share price chart. Recent rose is a tiny blip and hardly registers even though company has grown costs reduced bidder in wings

Recent price is still a joke.

300p is fairly value

Very very different this time round.

Business grown
More deals signed up
Macro better
Cost base better
Very credible apollo bidding
Very big investors been jumping in since chair and Qatar (read the room)

Plus...

He needs an urgent deal or he loses control in 16 weeks! He may be able to only just get 51% for ordinary resolutions but no way 75% or extraordinary. He must act NOW! This is it. Exciting

Legend indeed

Blocked

The big players who have come on board in last few months tells you everything

4 classes of bidder potentisl here, some with several potential players....

PE
Trade sale
MBO
Sovereign wealth

....ths ain't going on the cheap to Apollo! There are other players in town that will see that.

I think it will settle around 120p pre news

Our share register...old and new plus kelso ( plus chair) eally does look like an A team list of business heavyweights.

We're in good company. Keen to see if griffiths still in. He bought 26m on candy bid. Very big hitter!

Does he have any holdings. Unusual for CFO not to have a high equity incentive in a major market event......unless he's entering on privatisation?

Think.people are underestimating how big news this us.

One of UKs richest who lives near moulding very recently invested c.40m in THG. This to me is a bigger hint than Kelso

Read the room folks!

Less than 250 id feel ripped off

Agree oke just curious why you said an MBO won't happen due to debt. Why can't it be a full equity MBO with Qatar or other buying out there equity of the non rollers and possibly the debt also.

Oke

Why are you assuming it can only be a leveraged MBO. Given SPO value an investor would be drooling over the equity gains from participating in a full equity MBO. Debt returns would be high risk given the low collateral and no here near as attractive

He could bring new equity in. Qatar for example. That was a huge win getting them on board initially and moulding proven he can already buy out exiting IIs on a smaller scale equity deal with them.

Dream scenario here(which coukd be on table) is an equity backed MBO vs appllo vs new bidders. Competition would be great to get us towards enterprise value

I hope so too and it wasn't after an evening on the sauce

Only.macro issue I dont.like is strong rebound in pound making UK assets more expensive and neg impact on overseas denominated revenue

I'm not convinced at all with the short orderly exit argument. They clearly hedged, from 60p pushing to price up 66% ( maybe even started in the 30s)

Their longs where then used to fulfill their shorts. We all dint spot this one.

But there is still quite alot of short closing to be done yet. We saw the tip of the iceberg above .5% on the declarations but there will be alot under the 0.5% to close yet and so.more upward pressure still in play.

No press coverage today surprising given this is the biggest gig on LSE at minute

Not long now.

Next week....

The big reveal on remaining T8s (sparta, apollo, griffiths) maybe another surprise reveal
Potential formal offer
Other parties declaring interest

Big week on the macro too. The good news on big tech should continue catching all the shorters with their pants down. Nasdaq smashing it last week

Apple, qualcomm and other big boys reporting
Non farms for April

Stand firm, hold the line, don't sell into the rise

Love it.

I agree. The tiny gamed free float can be pretty much iignored meaningless as a basis to extrapolate a 75% holding ( for control) from. when a bidder is wanting to get a controlling IIs to sell and it's the IIs who determine that and they all know the tiny free float premium based approach is meaningless here

I could see a legal fight if its not at least 250p and full disclosure on why less than 12mths ago fully funded ( confiirmed by the board) offers in excess of 200p were rejected.

Moulding can't justify that

Did he ever say its 250p to open the door or is that just gissip