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Price seems to have stabilized a little at these absurdly low levels, so I have been starting to build a temporary position once again since almost a year ago, when this was up in the high 30s and showing signs of rally weakness.
It does feel risky however if it does pop, it feels like it could be rocket a very significant % from these levels... risk / reward
Interesting little tick up...
Just a thought - is there anything stopping this company receiving a hostile takeover at this point?
And then any governance issues could be swiftly addressed?
I don't usually make 'punts' quite as speculative as this one.
Good to see the SP starting to get interesting.
Anyone know what's going on?
Just joined in here with a tranche at 0.65.
GLA
Ahoy there Geng, it's been a while- good to see you back here!
From a charting perspective, the SP is under the support I've been looking at, and part of my position has stopped out.
If it doesn't recover very soon, looks very vulnerable to me.
Volume is low but I've been building my position back up whenever the price dips below 30p.
Almost at the same position size as before now, but 21% lower average price.
Feels like there is a little more support around these levels, so fingers crossed for some acquisition news so we can see another leg of upside!
Nice charts here.
I'm in at my maximum position size - fingers crossed for a nice rise back up to more sensible prices
Having bought in quite heavily around the 15p mark, I've just sold out.
Still think this stock represents great value, and if it drops below 30p I'll be looking for re-entry again.
There's been some very patient hands here - hopefully you'll all be rewarded!
What's going on here?
Slightly odd movement today, -5% on a day when it should be up.
If this was a liquid stock, I'd take that as a red flag, but instead I've increased my shareholding. Fingers crossed just some sellers after the recent 15p buying...
Probably right.
I've sold out this morning in either respect. Best of luck to longer term holders.
The Proposal is 525 pence in cash per Dignity share, which is a 23.4% premium to Dignity's closing price of 425.5p as of 3 January 2023, which was the last trading day before the release of this announcement, and a 32.4% premium to Dignity's closing price of 396.5p as of 11 November 2022, which was the last trading day before preliminary agreement was reached between the parties on price. The Consortium had first approached Dignity on 13 October 2022 in relation to a cash offer of 475 pence per Dignity share (the "First Proposal"), which was a 37.1% premium to the closing share price of 346.5 pence per Dignity share on 12 October 2022. The Proposal, announced today, is an increase of more than 10% compared to the First Proposal.
To the moon!
Uncrossing trade hit 535
Price continuing to rise...
Is anybody else invested here?
Finally the condor appears to be awakening!?
May the momentum continue... Woefully undervalued stock!
Pretty quiet on this board, eh?
Nice little rise today.
Looks well positioned for plenty more where that came from
I've been watching the charts on this for some time - feels like some gentle buy signals, and also feels v underpriced here. I'm back in at .40.