From an ADVN poster, good info on MBO.10 Aug 2023 08:53
Assuming the deal does go ahead, & given the comprehensiveness of the recent filing it does now look like they have got the structure sorted and are virtually good to go, it's going to be really interesting to see if the new business can achieve the kind of Revenues it is forecasting.
To scale up from a standing start to those sort of Revs would be mightily impressive and also a big validation of the MBO software platform.
I agree it does seem rather fanciful but TETE & MBO would not have set such a huge Revenue target unless both parties had a certain degree of confidence as to how they would achieve it.
I think the market senses 'something' extraordinary may be / is in the offing here & it is clearly not going to take much buying to propel the share price markedly higher, particulary given the tiny free float and the fact the share price is pretty much 'bombed' out still.
That said, according to the company website, there are still 3,475,159 shares held by Interactive Investor so still a few PI's have kept the faith.
As a quick reminder:
Issued and Paid-up Share Capital of 106,298,780 Ordinary Shares.
Significant Shareholders (3%+) comes to 80,133,778
So the 'free float' is only 26m shares but, likely less once you factor in any other decent size holdings that have either not breached the 3% level or not declared such.
On a sleepy summer day like today with just 725,253 shares traded, that is still 2.7% of the free float being traded.
The price is always set at the margin and in this case, it's the slimmest of margins that determines that price & hence the volatility.
Anyway, I've stayed in throughout all the price volatility as I believe there is still a very good chance that we are (finally) witnessing the emergence of something extraordinary & if that is the case then there may/should be a complete bunfight amongst others wanting to get hold of some shares - one only has to look at previous volatility to get a sense of what that process will do for the mkt cap of the company & this thread will explode with new posters.
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