RE: No change here23 Apr 2024 11:41
Even if they did come back with a £1bn offer, that doesn't offer too much upside as things stand now.
Market cap - £430m
Net debt - £350m
Enterprise value = £780m
So an offer of £1bn will give investors buying the share price today (close to all time low), a 28% return
Is that enough upside potential for such a risky, debt-laden company with falling market share and increasing competition??
Thoughts welcome.