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Closed at 186p when converted so positive signs.
Either a plan to split the assets and manage political risk or the pressure was too much for westerners being part of the company with the spotlight shining.
Looks that way to me too but could be ambiguous enough to make investors think nav is half the sp and give me a bigger bargain
If a rumour affects a share price and causes speculation it has to be commented on to ensure false markets do not occur. This is two way and today they have neither confirmed or denied. You have to ask why, my opinion throughout the weekend has been news comes Tuesday if this is true as it would have been easy to dispel this if false first thing this morning. Alternatively providing a carefully written response with legal advice and adhering to the takeover code takes a bit longer.
We will see GLA
Agreed, no news is good news. If the speculation was false you would expect a one liner would have been dropped to that effect. As I said over the weekend if things are happening consultation time will be required.
Recently im noticing more and more shorts pretending to be holders then going on to trash the stock. Dont get me wrong I welcome the bears and when they are honest about their trades Im happy to debate with them but the latest breed really are dishonest. I'm a long but despite apparently a takeover approach at all time lows I think a new all time low is on the cards, lmao. Strap up for tomorrow shorts will be too butt hurt to post.
I hear your pessimism but it seems to have legs, just too specific not to be true. If it's false we will know at 7, they would have to deny it at the earliest opportunity. No RNs I would take as consultation time to prepare a response in line with the takeover code.
Yeah the price action could be incredible, I have friends looking to jump all over it but don't know what to tell them as advice to play it. I did say my guess is gap up 20% and go to which I was swiftly reminded they would still have a better average than me!
It will certainly be exciting watching the shorts scramble! I don't think this will change the outcome more so it gets us there quicker!
And what did Oliver Shah have to say about Thg this weekend? The silence is deafening.
Worst case is 3bn for beauty and nutrition plus 2.5bn for ingenuity and other smaller branches =420p
Best case is 4bn for beauty and nutrition plus 5.5bn for ingenuity and remaining parts if you use rbc valuation =720p