RE: Power of 78 updates valuations14 Sep 2020 08:13
Summary
Given I have predicted 78p takeover since last November, I could keep saying the likelihood is increasing and leave the figure as it was. However, it is impossible to ignore the flank approval and rising palladium price.
Revised total takeover price of 94p – 111p for the whole company based on current information. Willing to revise should new information come to light. It is clear to see why UBS was engaged, this is going to be one of the biggest deals AIM has ever seen. Simply put, when an offer RNS lands, you will have to hold your shares to benefit as the rerate will be almost instant.