Member Info for SJM1994

Looks like it's going back up, may even hit 2p, little gutted I sold out a bit too early haha but I'm not brave enough to buy back in now - may go even higher.

I got lucky, went in for 204,373 at 1.075p, out at 1.55p, tidy little profit, missed out on selling for a bit extra but decided to play it safe.

Longfell

'O shut up. The review is over. The bod and the trolls want the pis to sell out.'

It's not just about the review, it's about finalising the accounts with true and fair view statement, it's breach of covenants, there is a number of serious issues here that people don't understand, it's not just about x amount share price, x amount market cap, great let's refinance or push for more bidders.

Why do the BOD and 'trolls' want people to sell out at this point? This is a FTSE share that incredible liquidity, MMs don't run the show so there's no shortage of stock.

The board should be prosecuted for the way they've handled this company, they've sold out shareholders and failed in their duties as directors in many aspects.

I did not expect a bid that low, I previously sold out after the news on the accounts, I thought if a bid came through it would be in the region of 40-50p.

The worry is now how many gremlins exist in those financial statements and the way the market is reacting, there is a risk that Sidara come in even lower.

So what if it is? The whole idea of this market is to buy low and sell high - it's up to each individual to decide.

You white knights just constantly post on share boards warning people away whilst watching the price go up. Stop trying to save people, everyone knows the risk of buying pumped stocks, they are buying it because it's a chance to make significantly more than they would in a much more safer stock.

Davey why are you so obsessed with Fonzi?

Ramping traders exist, they exist here, in the US, on Crypto, they've existed for decades, even Trump pumped his own coin, just focus on your own investment decisions.

I'm sure he didn't want to but with the way market is going, everyone is risk-off, so he had to try and stop the slide, without news this would have fallen further especially with the placing shares pressure.

@JamesOxford

Agree with everything you have said, this is the reason I have now decided to sell up here, I was previously extremely confident in a deal (post history will show). But being a qualified accountant myself, I was horrified by today's RNS.

Wood have basically lost any sort of bargaining power they had with Sidara, too much downside risk for me now, a deal could still happen but best case scenario now is Sidara throw in a 40-50p bid take it or leave it.

Love how you conveniently ignored the 1m buy at 4.9p .

A lot of us like to trade but you are one dirty dirty trader.

Too bad you haven't realised that the most obvious traders are ignored on LSE, you tend to build a reputation and once you got it, it'll stick.

BlackRock holdings are trackers I believe so they are obligated to sell due to FTSE250 exit.

It’s not stupid, you have to consider many factors that are in play.

- There is a clear lack of trust in management to lead the company in the right direction, even if the review doesn’t highlight any serious issues that will affect future reporting periods, there is no certainty that the stock will recover

- Institutions may have shorted the stock down from higher positions, which means the price they are likely to accept is a lot less than at priced purchased at face value.

- Economic and Geopolitical uncertainties

All of these matters lead to a discount factor, the question is how much.

The re-financing was always going to happen regardless.

I don't see a reason why all parties would agree to an extension if there wasn't already an understanding on a fair price, especially after last year and Sidara immediately coming back to the table as soon as they could.

If Sidara felt like the price wasn't right for them, they could have walked today, yet they've asked for an extension.

If Wood thought Sidara weren't serious about offering an acceptable price, they could have denied the extension.

'Wood subsequently received a non-binding, conditional proposal from Sidara related to a possible cash offer for the Company. Following this, Wood provided Sidara with access to due diligence information and entered into discussions with Sidara.'

I've been part of a few failed takeovers over the years, so I'm well aware of the risk and how things can change quickly, but at the moment, all the signs are pointing towards a deal being reached.

The price? Who knows, no chance of anything over £1.25, 80p-£1 would be fair.

Looks like Dave sold out on Friday and is worried he won't be able to get back in.

Luckily enough, he will probably be able to get back in tomorrow morning - but still, poor form.

No it's not a new holder, Border to Coast Pensions disclosed their initial holding previously, and now have subsequently have been selling for a number of days now.

I thought this type of ultra-ramping was exclusive to AIM but it seems not.

The most positive thing is we are 18% up in the last 5 days heading towards the deadline - usually in these takeover scenarios the share price may have fallen back if the market had believed a bid was unlikely.

We probably will end up seeing an extension to take us out of Ramadan period towards Eid, with a bid to follow, I'm probably the most optimistic now than anytime over the last few weeks, I'll stick with a bid around £1.

Could be completely wrong, but as ever, you take your position in the market and wait for the outcome.

In this scenario, I think an extension would mean a deal is extremely likely and you may start seeing the SP move to a range of 45-50p.

If after this initial period all parties realised a deal wasn't likely to get struck, I think Sidara would walk by the 24th, I've seen it a few times at THG.

Another 470k for Ali John Mirshekari, since the offer period began he's added 3,473,182, which on average would have cost him about £1.2m/1.3m.

The MM's don't control this Sharebel, it's not an AIM stock.

Just stop now it's getting ridiculous.

A delayed has also popped in for 299,526 at 3.32, bid/ask at the time was 3.00 to 3.40 so it looks like someone might be building a stake, I haven't done enough research here yet but when are the next assays expected?

Printed as if it was a premium buy, way over the ask, someone wanted in but paid way over the odds for it.