NON Take Over16 Feb 2026 11:22
This has similarities to the Pendragon takeover when there were 3 bidders, but they were quickly whittled down to one. We are now I believe below the demerger value that Pinewood had, when it demerged from Pendragon. My guess is that similar to wealth managers recently, competition in the AI sector could mean lower running costs, if a new player came along. I would have reluctantly accepted 500p on takeover, but now with 200p down on that, unless the management can quickly convince investors of its future prospects, I think we have a long wait ahead before glory days are back.