Member Info for onsolidground

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Stoseph20

Interesting piece out today but you can only read so far. I don't know if you have any fuller details you could share.

That said in the bit you can read it reminds us that Apollo didn't just turn up and say we are interested in bidding.

They actually turned up nearly 4 weeks ago with "an indicative proposal", albeit early stage and non-binding at that time.

There are 101 interpretations of what happened today and you have posted just one of those. Not what happened today, but actually what are your thoughts, and you were already wrong on the closing auction as today it finished higher than the Bid and Offer at close.

The slant of your postings others are readily picking up on and do not equate with your supposed 1 million holding.

May your endeavour to try and make a few extra pounds here not distract from your own morality.

Have a good evening. West Ham game tonight for me.

Rock8 is a daytrader. Quiet when holding and tries to put the D in FUD when not.

In all probability posts as hades1 on advfn. (Cheeky wink)

PS. The closing auction which supposedly wasn't going so well btw ended in an uncrossing trade of 74.74p so there was matched buyer(s) and seller(s) at that price.

Best just to avoid responding when in P##d s##m mode.

Took a cheeky little top up.

Hopefully get to add a few more.

By the way, on the topic of Bid extensions.

Takeover bid deadline extended for one of the parties at NETW announced this morning.

I think everybody needs to decide their own entry points or re-entry points and better still do it in stages.

The lower that it gets then the more appealing it gets.

Interest rate rises are of benefit to Banks as they present the ability to increase the Net Interest Margin (NIM) and here at MTRO the 4 % plus rises in interest rates have contributed to a faster than expected return to profitability and particularly given Metro low risk profile on its mortgage book.

The thing for me that I can't get my head around is why they actually didn't state their profit figure for the last quarter. This is a key basic of Investor relations and had the potential to bring in more investors and maybe cause those short on the stock to rethink their positioning.

Using me as an example. I'd like to invest more money here but I'll hang off as I cant fully gauge things as they presently stand.

VCB2

There's a fair chance Apollo will either make an offer or state "an intention to make an offer" and request an extension. Especially at this price. I think if either of those 2 scenarios occurs then the share price will rise considerably as the present share price is nowhere near reflecting a formal bid and any "steep premium"

If Apollo decide not too then its a 6 month wait until they come back and you ought to read Kelso's missives on the Sum of Parts and how large consumer goods suppliers are diversifying and shoftung away from high sugar to low sugar content ( which protein based snacks and drinks are)

It might fall a bit but maybe not as much as you think.

They (Kelso) are also right to highlight there could be other bids going on at the moment and that we might not necessarily be privy to them (yet)

Worth a read through their missives when its quieter.

https://uk.linkedin.com/company/kelso-group-holdings-plc?original_referer=https%3A%2F%2Fduckduckgo.com%2F

After yesterdays update.

The press seem to have reported things fairly balanced and all visibly see the outlook through Easyjet, Jet2, IAG and now TUI yesterday. Trend maybe towards All-inclusive will also help.

TERP @808p.

https://www.dailymail.co.uk/news/article-12069465/Summer-holidays-soar-price-26-cent-pre-Covid-levels-Tui-says.html

Closed at 95.48p

Plenty commentating since on Sum of Parts at 200p and more.

The City will always find a way of getting a cheaper entry.

Binary scenario: In or out for next news?

https://www.theguardian.com/business/2023/apr/17/thg-shares-surge-on-takeover-move-amid-spate-of-us-private-equity-offers-for-uk-firms

"Walk away without a bid "then" you can't return for 6 months."

Despite a deliberate attempt at sinking the price still no end of talks RNS.

Formal offer or intention to make an offer are the words all holders are waiting to hear.

Low 80p's against a Sum of parts valuation of over 200p.

Walk away without a bid than you can't return for 6 months.

Apollo in deal making mode presently.

Golden share runs out in circa 3.5 months.

Ticket off the LSE for Matt Moulding who berates ever having listed in the UK.

What would you be inclined to do if you were party to the negotiations?

You will always get ups and downs on every share.

This mornings update covers through till 31st march so we are already beyond that.

Impressive forward looking statement and in a couple of weeks it will be the next half term and packed airports hitting the headlines.

Sky News said 4 things

"detailed talks"

"steep premium"

Ms Farr to be announced to the Board on the Monday (Absolutely spot on)

Former Coty CEO (Camillio Pane) and Ex Holland and Barret Boss (Tony Buffen) working with Apollo.

https://news.sky.com/story/former-coty-ceo-puts-gloss-on-apollo-bid-for-beauty-retailer-thg-12871291

Sub 80p this morning was an fyb event.

All will be holding or not when any news drops.

You'd probably be better devoting your energies to the screen to either buy back what you sold yesterday or closing your spreadbet and avoiding any margin calls.

They could all be II trades. Question mark though over the 100k's as some on here have that purchasing power.

I'm off to bed.

Licker, sorry for the delay.

You are not wrong in your interpretation and neither is Rock8. A little more information may have helped you understand things a bot better. Most trades on any given market day will be recorded as either an AT (Automatic trade) or as O (Ordinary) trades. (There are many other classifications)

My top up trade today for instance was a standard normal trade whereby I hit the quote button at an opportune time and then bought through. All done through an online dealing platform. It was recorded as an "O" Ordinary Trade. It was a standard and normal trade but also "off-book" as I didn't for instance use a broker that has Direct Market Access and who could pop it onto Level 2. Its "off book" as it was dealt outside of Level 2 with logged buy and sell orders.

Although the majority of trades will be legit, in the wider context "off book" trades can be used to conceal market behaviour. The late reported trades today however are logged and have market reports attached to them as well as the spreads at the time so appear above board.

https://www.ig.com/uk/glossary-trading-terms/off-book-definition

All showing as Ordinary / standard trades

"'O' Ordinary Trade (System will delay if over 6 x NMS)

A standard trade made through the Market Makers and dealt at normal settlement date.

Plenty Bigs ones pushed through afterwards and all at higher prices and you can see the spreads at te time.

Arguably Buy orders that were filled earlier.

09-May-23 17:42:09 88.745 855,545 Unknown* 84.26 84.84 759.25k O

09-May-23 17:42:09 92.851 427,394 Unknown* 84.26 84.84 396.84k O

09-May-23 17:06:43 93.0217 100,000 Buy* 84.26 84.84 93.02k O

09-May-23 17:06:26 86.5025 100,000 Buy* 84.26 84.84 86.50k O

09-May-23 17:06:08 86.1772 100,000 Buy* 84.26 84.84 86.18k O

09-May-23 16:57:44 88.70338 1,700,000 Buy* 84.26 84.84 2m O

09-May-23 16:37:22 84.80 300,000 Buy* 84.26 84.84 254.40k O