Member Info for MKopportunist

Try doing a bit of Googling about StoneX and US regulators. Makes for some interesting reading.

It's not a strategic move by CABP, it's a very sophisticated strategic grab attempt by StoneX. I feel a deal will proceed, even if not with StoneX, but you'd be stark raving bonkers to sell at current price. I can see this going at around 175-200, as institutional holders have lost patience with BoD, who seem to be rank amateurs and way out of their depth. This is a takeover, not a merger situation.

Expect a lot of volatility whilst pricing is managed to shake out PIs and allow ANY would be suitor to pick stock up way below fair price. In particular, look for a large movement going into the close today. If you get your ducks in line there's a fair few quid to be made!

Don't be distracted by the short term position affected by a bid at 145. That materially undervalues the business, which is worth about 225 at fair value and potentially much more. If you are in for the long term

just sit tight. However, there is the issue of the current management, who seem to lack direction. I've lost confidence in their capabilities to deliver longer term, so I'd be happy to exit around 200. My average buy in was 90, so I'm sitting comfortably, but I'm not caving early with the possibility of a larger gain in fairly short order, with a reasonable cushion if price drops back. Also, expect volatility as intermediaries are also trading on their own accounts, plus there's some swaps, CFDs and spread bets to be covered.

Even without the offer, the shares are worth well more than 145. The problem seems to be that the management is clueless. As an example, the Head of Investor Relations seems to be paid not to say anything or communicate in any way.

With a very reasonable prospect of 175 plus in next month or so, I can't believe so many PIs seem to be calling it a day around 120. Pure madness.

I think that's 145 cash OR Stonex stock, not both. Price hasn't immediately jumped as it's a long way from a done deal. Institutional shareholders will be weighing their options and Stonex won't want to tip their hand early buying stock heavily and getting forced into an early official bid or an auction contest with others.

CABP looks like it will be a sensible acquisition for Stonex. The big question is what price are they really prepared to pay? Obviously they could have bought pre IPO, but certainly thought 330p was outrageous. Currently, on what we're led to believe about 225 would be fair value. The big difference here is that Stonex's management actually seem to know how to run a business. I'm now thinking this has become a useful shorter term arbitrage opportunity and I'd look to get out around 200p for a healthy profit. I've little confidence in the competence of CABP's Board.

Still worth jumping in now, if you can stomach the ride. Although you might do better to gain some leveraged exposure via a spread bet if you are looking for a quick turnaround.

Appalling lack of communication from this company continues. What on earth are they playing at? As regards the offer, it would be insane to take 145p. Try doubling that at least before you are tempted to sell.

If we see a further push to 125 and beyond things could start to look very interesting indeed.

Sharp price increases, some obvious large block acquisitions (showing as piecemeal individual trades), usual deathly silence from company (you might expect comment if it was a "normal" modest market cap company), makes me suspect buying is on knowledge of US license announcement bring fairly imminent. If you haven't already, buy now!

Just a reminder to bear in mind that trades showing as "buy" or "sell" may not be 100% accurate.

Overheard this, I won't say where, but it's an example of how desperate some folks are to latch on to anything and make leaps of faith. "Well, I've heard that the company refused to deny that a new licensing announcement was due this week, so it must be right as they've had half a day to make a denial. I've just bought £10grands worth." Some people have more money than sense.

With the US possibly coming sooner rather than later, time to "fill your boots" at current prices?

Second half of year, no change from prior. Don't expect positive communication, or any communication, from this company! Continue picking more up around these prices though.

Lot more activity building. US license announcement imminent?

Be interesting to look out for significant directors dealings over the coming months.

Be interesting to look out for significant directors dealings over the coming months.

Jumbo07 30th August "This share is worth three times what it is....." That was after the pre-close release. I'm assuming you are now topping up again rather than impersonating a headless chicken?