Could be an easy 50% plus trade if anyone fancies a flutter :-)
DYOR
3-4p bid inbound IMO.
DYOR
The majority shareholder Axel holds 26% of the company, would they be happy to let the company go under or would they go for a full takeover ...but at what price? Highest they paid in the past 52 weeks?
Today's RNS also alludes to significant inbound and outbound interest so could a new bidder turn up now seeing that the price is sub 3p?
This could be a great opp for a trade down here at 2.20p. I would have been happier at 1p but looks like a floor at 2p for now. Am fully expecting 2.50p-3p soon/this week. IMO. DYOR
1m buy at 2.30p =09-May-23 10:00:30 2.30 1,000,000 Buy* 2.13 2.20 23.00k
Seller cleared? I am in at this level for 2 grands worth. Looks like we are set for 2.50p later today IMO.
DYOR
There is surely value in the Purplebricks brand? Watching level 2, looks like the book could be turning and we have hit the bottom. I do not think I will get my 1p entry.
It may be sold for 3.5p-4p a share which is still materially below yesterday's close price. I am expecting some large buys to pop up as the book seems to have turned and MM's are fishing for shares now.
DYOR
Good luck all holders.
The drop is relentless, looks like sub 2p coming any minute IMO.
I may be tempted to get in at 1p for a punt if it gets there.
DYOR
Nm
This share looks oversold. Fir value has to be 100p even with the proposed delisting. The majority shareholder could be forced to buy out the free float minorities at 200p to 300p IMO if minorities push the FCA and takeover panel for this.
DYOR
Peel Hunt must be behind this....1p payout is the least I would expect!
DYOR
NT to buy at 0.50p
correcting, 1p =£500,000
2p = £1m odd.
I would not be surprised if it goes past 1p. That is still only a million quid for a debt free ready main market listing.
DYOR
1p share price is £500,000. That is what I would call fair value if Peel Hunt want this listing.
The current market cap is a joke! Less than £200,000. Legal fees cost more than that to do a main market listing. Peel Hunt TR1 logged? It is NT to buy.
The proposed cancellation date is 26 May, not 12 May which is the date of the meeting: https://inthestyle-wp-2021.s3.eu-west-2.amazonaws.com/media/2023/04/Itsarm-Circular-26-April-WEB-FINAL.pdf
I hold a million shares and have voted against the cancellation. The big Q remains why PH have bought 10%! It is pocket change to them to acquire the entire company for even 500,000 pounds (1p a share) and use it as a RTO vehicle for a client. DYOR
DYOR
Come on Peel Hunt, show us anther TR1 that you are adding :-)
For those who do not know, Peel Hunt are also listed on AIM: https://www.lse.co.uk/SharePrice.asp?shareprice=PEEL&share=Peel-Hunt
Why would they suddenly take a 10% stake in this 150,000 pounds cash shell unless it involves some type of M&A/RTO? They can surely afford to pay 1p a share and take us over!
DYOR
Very interesting about Peel Hunt: https://www.ft.com/content/7519ae54-70e2-4972-ba40-35796e5963ed