RE: Qube7 Sep 2023 08:51
IMO With the bravado Matthew Moulding has been displaying for months, he definitely has something up his sleeve. Whatever he has decided, he seems relaxed, confident and happy.
Remember Plan B was backed by 50% plus holder's, as they rejected Apollo Asset Management offer, and backed Matthew instead. So we all wonder what he said he would do to convince them all to get back on track so major holders like Sofina and QIA would not only get upto Apollo offer, but hopefully way beyond there. If not, they would have just gone for the Apollo offer. Now even more intriguing, as Golden Share gone, so if value gap is not closed imminently, a major PE fund will simply step in, and no veto this time, it's a totally different ball game. Now or never.
Just read the City AM deal post (a bit late, yes), whether you like it or not, what an absolute gentleman. Agreed to purchase it for the total personal debt outstanding, morally the honourable thing to do, very few people left like this in today's world. When the sharks wanted to grab it for less than half. City AM owners and staff will be forever grateful.
With the recent tiny volume, all shorts closing, market has no scoobie what is about to land. 1 sniff and we are off.
Anyway only 4 trading days left after today. Hopefully the long awaited big rerate finally upon us for any LTH's still left.