RE: Options and Predictions for Reverse Takeover13 Mar 2025 12:30
Hi Pete640. Remember also that last month there were some Broker circulars and target share values of £2 / share for SQZ. As mentioned before on this forum, they are operating in a negative sector and with the recent shut down the share price is depressed even more, even with the potential ENQ reverse takeover. Fair values for both ENQ and SQZ will be established over the coming weeks and if they can do a deal, then this will be announced by close of business on the 4.04.25. If the deal is favourable to the market then there should be a significant share value increase for both companies. SQZ have already advised that they want to be on the main market 250 Index with a diverse portfolio abroad, and this is one way it can be done. ENQ have been improving their balance sheet and reducing debt, so there could well be a good deal for shareholders. One thing I do know, is that SQZ is considerably undervalued, but yielding 18% income which was easily covered by earnings, so shareholders will not be giving away similar income levels going forward easily. Fingers crossed, the new CEO at SQZ pulls off this first real deal, since taking the helm.