focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
It was tongue in cheek. I have the ADR on a watch list and it never really moves much and on Fri it popped up so I searched for news thinking such a violent move is unusual.
Nothing found unfortunately but a only a matter of time as this is heading to £2+
Https://www.rpc.co.uk/perspectives/commercial-disputes/bt-case-may-shape-uk-class-action-landscape/
Going well and the dividend banked what's not to like. Target 180/192
Place your bets
Afternoon Swanley
Nice pop here this week. All ready for a repeat of the Apollo walkaway and the inevitable price drop buying opportunity. Happy to be wrong.
If the BOD wanted N of 240p for Apollo I cannot see Sidara trumping that. If they were to do that they would have come in with a higher initial opener.
Just an opinion.
Do they really get paid for such insight ???
(Sharecast News) - Analysts at Berenberg raised their target price on engineering and consulting business John Wood Group from 150.0p to 220.0p on Friday following the group's first-quarter trading statement that came hot on the heels of news that it had rejected a takeover bid at 205.0p per share.
John Wood said Q1 revenues were lighter but Berenberg also noted that encouragingly, underlying earnings had grown 4% despite the lower sales. Further growth was also expected as 2024 guidance of high-single-digit EBITDA growth was confirmed.
However, Berenberg said working capital movements were likely to see year-end net debt higher than previously thought.
The German bank added that a recent takeover approach from Sidara had been the near-term driver of performance, and it believes "a significant upside risk remains" due to the potential for further bids.
"However, if Sidara does not ultimately make an offer then we could see a large sell-off in the shares. We assume a 50:50 probability between a follow-up bid around the 240.0p level and no bid materialising, which underpins our price target of 200.0p," said Berenberg, which reiterated its 'hold' rating on the stock.
"We make minor changes to our estimates, nudging up our margin assumptions given the encouraging start to the year, but increase our net-debt estimates."
Large trades going through both sides - was expecting a 20% drop and a buying opportunity.