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Either Helios want this at 85p, no matter what StoneX or anyone else offers, or they are forcing StoneX to make a higher bid. I don't imagine that unless StoneX offer significantly more than 85p, anything will change. Looks like Helios are forcing this through at the lower bid.

Unless Helios can force something, but I doubt StoneX will let that happen…

Needs to be at least £1.15, per StoneX original offer - even then, I think CABP will decline. It will either go at that, more or won’t be sold IMHO.

What's occurin?!

... or sell something!

String buying all morning! Come on CAB!!

Whatever happened to that US license?! That will get this back to £0.60+ (assuming it happens) and wasn't there a mention of one somewhere else?! In the short term, the only thing likely to propel this back to £1.00+ is bid interest, but that seems unlikely.

I'm in since £1.40/£1.50 and bought it down to about £0.75. I'm about £10k negative here, but I am staying putt, as I really don't see how it gets any worse... give me a license :-).

I expect other SLTs will follow suit

If it went to 50, the MCAP would be less than is in the coffers (even though this £ is a legal requirement).

Seems unthinkable it would drop too much below 65, but who knows!

Knowing how CAB has consistently had daily 10% swings, it could be worth trading (note to self!)

Stonex is up 8% at the open today (in line with most of the US).

It had already hit new highs in the last few days.

Place your bets...

PS - this could get very interesting...

SX make the formal offer (SP goes up), then other suitors show interest (SP goes up), and then CAB announce the license (SP goes up further still). This could still go for 2.00+.

Worse case, with no sale, but the US license, I think we end up around about where we are today.

IMO, the only reason StoneX don't make this formal is if they don't want it at 1.45.

If they formalise the offer, the price shoots up (they gain).

If they formalise the offer, others might bid (they gain).

If the license comes in (they gain), albeit, their bid price starts to look low again, assuming the SP goes up to c1.30-1.40.

If StoneX are prepared to pay 1.45, it would make the most sense to formalise that now, before the license comes.

If StoneX back out, the SP tanks (strong buy), and then goes back up with the license confirmation.

All roads lead to buying on the dips - one way or another, this gets to 1.45 + (unless CAB don't get that license!)

IMHO DYOR.

Surely, we can all agree that the more this drops, the more susceptible it becomes to a takeover. I keep buying for that reason alone. If the SP goes up or down on Oct 29, then it's happy days, in either scenario, IMO.

I don’t think the BoD will do anything until a formal offer is made - StoneX have until Nov 7.

I doubt any other buyers will come in until a formal offer is made either (why would they). They may as well wait until they get a better sense of what CAB will accept, assuming StoneX do make this formal.

I feel pretty sure that StoneX will make it formal, watch their 3.8% (or whatever it is now) grow, and either up their offer (when CAB reject - they will at 1.45) or walk away… other buyers (if there are any) will reveal their hands too.

That’s how I see this playing out, but who knows! We could be stuck between 120-130 for a few weeks now.

No idea what happens when the US license comes in - any takers on that?

DYOR

It's hard to fathom! A lot of the trades are algo's, so perhaps some folks haven't even got the sniff on this yet.

I bought more this morning - it's now my biggest holding.

Everything tells me that this will go up - it's a matter of time.

I hope I am right :-)

Alternative is how I read it. Why is the SP flat?!

I wouldn’t be surprised if the US license is announced tomorrow or next week!

**** take off an offer!

I don't think anything shows below 0.50 - I read that on here somewhere.

The share finally seems to be getting going (lots of trades in the past few days, compared to a lull for a few weeks prior).

I expect a tree shake or two in the next days... hold on!

I noticed that Walleye Capital also reduced their short 0.59% to 0.49%