Member Info for maestro1

King street are clearly buyin and then dumping, then buyin again and dunping.

They want to keep a lid on sp, maybe 220p bid coming from them who knows..

More to the director leaving, buddies with MM. He may bid..

170p bid rejected and here we are at 130p, very strange, company says 170p significantly undervalues them.

Cant understand why pi's are selling, yes the big boys are playing with sp to keep it low but you are playing into their hands. Its clear by seeing the holding rns's

1pencil

Share?

"Mr. Murphy has served as the Co-Head of UK Investments at CVC Capital Partners, a private investment firm, since 2019."

Why has he resigned now, was he pushed? was he an obstacle to Belerion bidding? Thoughts?

Okehurst

Thats a question to put to MM tomorrow for sure, why is the mkt not being informed of failed bids..

Im more interested in why Mr. Murphy has resigned? Bid coming from his firm...

Okehurst

There was 3 bids in total we were only told about the 3rd one, we were not told who bid the other two and at what price.

I think hopefully another party will come to the party.

Well i laugh sp bounces in afternoon, in anticipation of agm.

If another bid has come and its not accepted they dont have to inform mkt. Imho MM will take it private claiming no one else was willing to pay what i will.

The concerning bit is thg had a 170p bid which was rejected, as it was significantly undervalues company. We have knowhere reached 170p, the city doesnt believe a bid is forthcoming one can speculate.

The bids need to come by 16th, will Candy and Macdonald get an extension.

Okehurst

NewsPaper article implied candy is not billionaire nor does he have the means to buy thg.

What is happening here, where are the bids?

fall down to 113p

Greg

How much cash they have?

If what you are saying is true, PE will be all over this bidding £2.50 plus, not just coming with cheap £1 plus offers.

But anyway lets see what happens

Kando

MM may take it private for 250p should no one offer that.

Gold

This is why maybe 250p is mentioned in articles.

Why are they saying Belerion its King Street who has £20bn in assets. They are the brains behind this..

They dont have the votes to throw him out.

Ste

How do you know that was their first bid?

Thg received 3 bids but only mentioned the third, hopefully another bid should come in.

1pencil

If morgan stanley are holding shares for king street they have to inform the mkt.

It seems clear that MM is not willing to sell thg on the cheap, but why do investors want someone who is after thg on cheap to remain on board?