RE: Radio Silence4 Mar 2021 13:55
@Saintsmith
It's a number of factors for me and yes the grip room article completely reflected where we are, it just endorsed what i was suspecting.
1. The key one for me was that I emailed GM with a specific point about Vatel Capital, I don't expect big companies to always respond obviously however, this a small AIM business and normally i would get a reply, in this case it sat with him for two weeks, i followed up and then got the canned PR agency reply. I feel that he no longer cares about shareholders and that's a significant shift in position and i question why?
2. The increased activity of Blackrock, i suspect its on behalf of a client. I expect the holding to be declared shortly. That in itself doesn't mean a bid likely BUT it currently fits. Blackrock have led countless deals in this sector, likely the client is Themo Fisher best guess BUT it could be anyone.
3. You can't just bid without financials and DD, they finished the year end and the full accounts would be ready April at best? I suspect a) these may be being looked at b) they put a message stating along the lines that "full plans on the direction of the business will be issued in H2" and this is because the deal will be done by then?
4. They have zero desire to see the SP rally as GM will already have an exit price in mind. Again this fits with the grip room notes.
5. There have imo been numerous situations where the company could be incredibly vocal about deals, heck they could have put out news on two of them for sure, but no, nothing.
So yes, whilst i would like them to drive this business forward, i believe the companies own objectives may have changed?? has GM gone from being driven to increasing the company value to; well I have my 3.2m salary now, i'm comfortable now, perhaps merging into a bigger player with a big pay off is not so bad??
Time will tell as above is pure speculation but its how i currently feel
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