Member Info for Sm66

Can’t see a 2.1 but a 2.9 was announced yesterday after the close.

The explanation of a 2.9 is

When an offer period begins, the offeree company must announce, as soon as possible and in any case by 7.15 am on the next business day, details of all classes of relevant securities issued by the company, together with the numbers of such securities in issue.

So it would appear an offer is imminent

Fail to see how this is 50/50

Fact, JD is financing a bid for the business.

Other parties are interested.

If you seriously think an acceptable bid will be 30p, you’re delusional.

My average is 38.5p and while disappointed that I could have bought lower, I’m convinced the bid will come and will be north of 70p, no idea how far north.

The amount of bashing taking place highlights how desperately they need this to drop. And it’ll only scare PI’s.

Do your own research guys.

I have a thought or two for you.

It’s no secret that SDRY is the subject of a takeover, it’s public knowledge.

Legal and general purchased over 1m shares on behalf of the CEO at 42p.

The rise post-announcement whilst significant from a % view only recovered the SP To November/ December levels

Good luck with your 25p target.

Nobody knows what the bid will be but it’s coming tic-toc

PFC vet

I wish you the very best of luck.

Personally, I’ve reduced my exposure not because I’m certain the SP will drop but because I’ve seen it before. I reduced at 33 ish but still hold a decent amount incase the RNS drops stating the cash flow issue is solved. If we see sub 25 then I’ll be seriously considering buying back in again.

Suspect todays rise was a play by shorts reducing then increasing again, seen this game before.

Struggling to understand why this business is still so heavily shorted as the risk of a significant rise is severe.

It’s an attempted asset grab the according to the BOD has no grounds.

PI winner

Which begs the question, what is a fair bid?

80/100/150?

Certainly 40 is way off the true value of this business.

I’m with Mary on this one.

100 to 130 starting bid. Could go hire depends how badly they want the brand. 150 possible

Just went through at 42

I was trying to buy £10k worth took it all the way down to £200 and still nothing

With IG will keep trying

GLA

Can’t even buy £500! Sell is just over 40!

Mates rates going on here

OZ

My understanding of M&A is they have to offer the highest price over the previous 12 months plus 10-20% so a bid of 150p would be reasonable

Looking at the fairly constant RNS’s it’s probable that every time we go into auction another institution loads up.

Institutions are loading up so why shouldn’t PI’s?

My thoughts precisely which is why I’ve been buying this morning

GLA

Probably

I bought 33800 shares this morning at 29.33, guessed that one wrong….. for now

Must be a communication fairly soon from the BOD

I’d say the opening few chapters seemed quite positive but agree the ending was wide open with the possibility of gloom.

Slift

The very best of luck to you

I sold 150,000 shares yesterday at 31.6 ish

Still holding 230,000 and will buy more if we hit mid 20’s

Feel I have to also state

I don’t believe we’ll see D4E or RI

I’m no expert but I am suspicious

Schroders secretly sold from November and didn’t issue a TR1 until they’d finished.

It did at least show a reason for the big drop but didn’t explain why the shorts didn’t clear out at 15p.

I’m a believer in PFC but something is going on here

ADVFN is showing a sell 568,046 @ 29.738p

1.5 million yesterday and a bigger drop.

Someone is selling