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I think it helps the SP that so many of us have been through the pain on this share, and we know the true value of it and will not sell even if it has gone up by 50% or so. Even the FT believe the true value is 3.7bn and they're haters of MM.
Passmore missed the trade from 500 to 10000, funny.
"City sources said Apollo Global Management was in detailed talks about an offer for the Manchester-based company that would be at a steep premium to its share price before the approach was disclosed but a huge discount to its 500p float price in 2020."
Since it says a steep premium to the share price before the approach, maybe we are talking lower numbers, 130p-150p?
I hope for higher of course though.