RE: Very little on the book between current ASK of 6.9P and 8P!28 Nov 2025 10:17
No you're right nothing has changed regarding P140, but the narrative that nothing has changed is misleading as a lot of people have sold up or been caught out by the drop. What has changed is the goalposts people can decide with the little information available if that's positive or negative.
What I do notice across all shares is there a certain type of person who will back a decision to invest in something regardless of what's happening around them. It's been done to death so I won't repeat, the goalposts have changed, so only time will tell but to many a deal is less likely than a week ago or further off than most care to anticipate. The RNS says they have interest, not any offers on the table, and for anyone who has sold a valuable asset before knows or at least has some of experience of a long winded process that can fall apart for many reasons. I mean if you look at it from a logical point of view even if you are planning on investing, what's the rush right now? I'm still hopeful of a deal but if I wanted in I'd be confident to hold off into Q2 2026.