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I wonder what value of the £300m is in the books at.
They’ve got £700m of intangibles still there so it must be pretty high.
So if they got back what they paid for it (maybe some has been amortised) it would reduce intangible assets and no doubt pay down debt but unless it’s a mega offer would life the net assets.
However net assets are a good bit higher than market cap so maybe the market would prefer cash / lower debt to an intangible given the liquid nature of cash !
We will see
Anyone seen this article on proactive ? Billionaire majority owner taking it private.
Be interesting to see what the price will be premium wise to closing price.
https://www.proactiveinvestors.co.uk/companies/news/1044871/l-occitane-heading-back-private-to-revive-fortunes-1044871.html
If only haha.
Update in the next couple of weeks though. I wonder if it will do its usual uptick towards then and yet again a big drop after… or will this time be the one?
Never felt more like a gambler in my life
Yes I agree it looks like it’s off the back of the FED comments yesterday re inflation under control and US rate cut expectations brought forward to June.
Let’s just hope no one’s else starts shooting at each other !
I see Pizza express are also going for TRG against Apollo.
Be interesting to see if they lose out again! Can’t hurt for us if they have a big war chest.
Although I think having had dealings with MM they know where the red lines are now which probably means not commercially doable !
We can live in hope
I’d be happy too if it comes to pass.
Apollo termination was 12th May so six months up in a few weeks.
I wonder if they could do a deal on nutrition this time or whether they will have just moved on ?
We will see. This Jam better be good after all this wait haha
I’ve been here for ages 0.9p av ouch!
Have I got this right that they paid £3.2 mill for at George then a further 0.4mill option fee so I’m at £3.6 and have sold for £4m so a whole £400k profit in the end after all this??