Member Info for MickR

Had a good run from 4p out at 9p. Watching closely for bid news but could drift back under 5p if no news this week.

Still expect a bid to be over 20p if it comes.

DYOR

Slow and steady pending news.

C26 has been called out as a shorter and he now starts trolling. Oh dear, shorts must be getting itchy now :-)

https://www.ft.com/content/f9ba2842-6a25-4a57-aa1e-817c2c47d34d

Would be interesting to know what is going on behind closed doors regarding the due diligence currently being carried out by the potential buyers. I wonder if PwC have received approaches from any other potential buyers.

DYOR

I wonder which fund house c2645sg works for and when he will close his short position IMO?
https://www.shorttracker.co.uk/company/GB00BN7CG237/

The sell off past few days has been brutal, from what 160p to under 110p. Just as quick as the drop, this SP could rise fast once it gets going. It's all about making money, whether on the way up or way down.

Bought 14485 shares at 4.18pm, close enough to my 103p target.

5p looking nailed on today IMO. Cannot see a bid less than 20p. Anything to 30p would not surprise me as that is an enterprise value of £150m. Peanuts for the likes of Amazon for instance.

DYOR

The chance of administration is low in my view, there is no debt and the BOD has made it clear that they have taken the FSP route to protect shareholder value. Punters buying in below 5p could easily multibag in a few days/weeks IMO.

I have bought in just now.

DYOR

Looks like this could be taken out at £100m, 20p a share and the balance for the £50m funding required but a buyer who takes control may also bring in their own strategy and does not necessarily have to implement the proposed strategy on the table.

DYOR

DYOR

The SP is being manipulated IMO. 5 days ago it was at 160p. Today under 110p. Shorts will close soon hence I dipped my toe in at 110p. If it goes to 100p, I will buy in big.

DYOR

neil,

I still have a 100p order if it gets there:-)

Relax. Hope you are loading up at these levels?

Bought in 20,000 shares at 110p. Showing strong support at this level with a line in the sand at 103p.

I have a feeling this company could be privatised but at what price?

DYOR

There is huge supply at 32.50 so looks like the fall is not yet done IMO.

DYOR

May wish to wait for the seller to clear first? The seller is dumping at every opportunity and looks like they want out at any price, however low it is.

IMO, DYOR

Falling knife. Looks like 100p coming IMO.

Have a buy order ready.

Equivalent to 636p....looks like a good arbitrage opportunity to buy now? Shorters not worried?

I have an order in at 100p if it gets there.

Who was doubting that the SP will not see 0.20p this year? I think we shall be seeing it in October IMO.

Looks solid for a rerate. Look at those two £20k buys this morning.