RE: Come on you can21 Dec 2020 15:55
Dick,
Agree, however, who's to say that Hardy's et al aren't happy to sell ..... everyone has their own exit in mind, although circumstances change and whereas >200p may have been the goal, 160p could as easily be now. The world is an extraordinary different place to that of 12 months ago! As you correctly pointed out about voting % needed to carry a t/o resolution, thereby you would only need maybe 2 of the top 4 holders, along with the likes of BP / Polar / Hargreaves / Janus and you have the votes needed. All of whom btw, would show a handsome profit. One factor that I keep coming back to in my mind, is our BoD are no longer the Spring chickens they used to be !
Any sale MUST leave something for the new guy if you want a good price ... atm we have our 66% increase in attributable BKR revenue and Columbus with near-term drivers being R3 and Brexit. So will the trigger be pulled once R3 / Brexit outcomes have been made clear. That said, as the days / weeks / months go by, the closer SQZ come to the 100% BKR receivables (major driver) the less likely a t/o vote will be successful, hence my thoughts are now or never (within next month or so) for any potential suitor ..... other than that more than happy to see ACW 2017 BKR transformational deal come to fruition and let SQZ get on with driving the business forward.
atb