RE: Share chart30 Jul 2020 14:24
Flexmw,
Well there are some big names joining, MS today by notifying of their 5.26% holding !
You could argue either way ... safe place to make easy cash (ie Done deal). I noted that the other day, when you work the figures, recent buyers could easily make +£100k, even on a few pence gain. Now is that the way these boys play .... not sure in this case .... the fact the company is being sold to a Saudi backed outfit for less than CoH make you question ....why does someone else not come in and offer 1950p, still below CoH..... Saudi's could trump that no problem if they wanted RRE (Viaro) to be their base for NSCS growth as expressed and backed up by recent job vacancies stating ".....Viaro’s legal team is growing in response to a broad corporate initiative that involves the continued growth of its trading business along with expansion into upstream sector...."
Could recent buyers also be working for a blocking vote, to force Viaro to up their offer.... more chance as they will only need >25% to reject the offer. If they are to play this way, its a very dangerous game ..... unless you know the offer will be increased on a failed vote.
On balance, I would say that 1850p may well not be the last we will see of the RRE saga.
PS As I type SAMSON have added another 1.29% (6.3% total)
AIMO