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They may have a load on tap from a current investor with a large holding. They can delay notifying trades for several days. So you might see a large trade pop up, with a price that looks like a buy, until you recall the price on the day the trade occurred.
So are you thinking any day now they will let it go. Light touchpaper.
Lowest priced sell 0.903 Highest Buy 1.025 True spread, just over 10%., not the 20% Bid Offer would suggest
Doubt it. No particular benefit in an identical sp. Unlikely both sides would agree values, where sp's matched. It is curious with no indication as to outcome, still we should know all by next Thursday.
Thank you for pointing out the latest Companies House filing. You would think an RNS would have been published by now
Prices suggested are pure guesswork. However most believe any merger is likely to be a paper deal.
If it proves to be Broadwalk Asset Management LLP, it maybe that they need cash urgently and have no choice. I have held off adding as i had concerns they might carry on selling. If that proves to be the case I maybe able to add at a lower SP than might have been the case.
I can see the merit of buying at 0.01 pence as a pure punt. Hoping they might buy you out at a higher price. But 0.05 pence with such risk, no thanks
Up pops yesterdays sell, which balance's yesterdays buy.
Yes as you say there have been several 2 million buys. I was able to pick up a few at a reasonable price. You wonder where the shares are coming from. Perhaps a big holder is releasing them as required. All sorts of possibilities.
If that t@@t gets in Egdon's share price will be the least of your worries.
If Zinc issue shares they are receiving the cash pile, saving the listing costs on Bison and reducing management cost. Risk is the integration of the two businesses proves difficult. To be honest i can't see much downside but suspect sp will be subdued short term.
Here are three 1 Broadwalk have been selling and they have around 20 million. 2 If Zinc were to merge with Bison on terms which appear to favour Bison you might see a short term weakness in sp. Don't know much about Bison, believe like Zinc they have had a difficult time. However whilst a little behind Zinc in their recovery, they have a bigger cash pile and have had recent disagreements between senior Directors. 3 MM games and nothing to do with the above
Agree that if it were to proceed it is likely to be as a merger, rather than a takeover. One company with pooled resources, reduced management cost and one listing cost. ought to be a better proposition. Yes there have been many mergers that don't work, but no reason why this should be one of them.
I'm guessing you can see this all on Level 2. They must have lost a packet on other investments to be a forced seller on Zinc, when everything is looking so favourable.
Is someone buying two million each day. See if another appears tomorrow, which will be the third day in a row.
The results were poor which is reflected in the sp. You are probably right in that there is no rush to buy. That said if things are improving, waiting for the next results may cost you more to buy. No I am not expecting phenomenal results, however anything is better than published in recent years.
If you believe the company is going to be profitable you buy before the next set of results. If not you do not, you do not buy. We has seen the move towards profitability, however disappointingly small. Remember second half is the busier half and things may improve rapidly from what is a modest market cap, with loss making divisions gone.
Is this just confirming RNS of 3rd October. https://beta.companieshouse.gov.uk/company/07892904/filing-history Or are we about to receive an update.