Member Info for SteJSteJ

The guy said he believes it will happen on 'A' Monday, not the next Monday.

But surely in your example, if it hadn't gone on you wouldn't have sold the business right? So it was a good thing?

But if every extra month is adding $1bn to the buyout price, surely you'd be happy to wait?
Appreciate it's a tough wait, but just check the board less often and have some more patience :)

Why do you need the RNS from January reissued with a different date?
Why not go with the assumption that nothing material has changed since then and all is progressing.
Theres an NDA in place, set your expectations that you wont hear anything until the fsp concludes and life is easier

Posts dried up a bit when Zengah dissapeared. Wonder what they have been up to

Other than it being a few more days down the line and the share price bobbing around in the 25p-30p range, nothing has changed for ages.
Why does that make you suddenly concerned?

SXX was a distressed seller that needed a huge cash injection to move to the next stage. Due to financial market troubles, they failed to secure the funding, hence bust or sell. AAL got a potential bargain there.
None of that is similar to the situation with EUA

Whilst what is in the public domain may well support your statement, the fact the FSP has been going on so long would surely indicate there is a good chance there is more we don't know about. £50m is not a huge sum for a buyout so would have completed by now no?

I don't really see any evidence to support your view. The last major RNS on the FSP implied non binding offers being progressed to binding. This strongly suggests to me that some deal is quite advanced.
I don't agree with the idea that the fact it's taking a long time suggests it's going to fail. Logically, there wouldn't be an attempt to convert non binding to binding if the non binding wasn't in the ballpark.
Whilst a deal might not happen I don't feel it taking a long time is an indicator of this. Can you explain what leads you to think it wont happen because it's taking a long time?

We need Real News Speed. Let's hope that happens soon :)

I don't quite get this attitude to it. A lot of people have waited a long time, waiting a bit longer shouldn't be too hard.
If you think there are better opportunities, then you're free to move your money around.
If someone told you you had to hold for another year but would get £10 a share, everyone would still hold

Good man, wish I had a spare £50k kicking about too

Spamming speed more like

But what do you expect them to say? "Still working on a binding deal".
You know what hould be happening, so surely you wouldn't expect them to tell you anything if nothing has changed right?

I can't disagree more. If there wasn't a satisfactory deal being discussed (or at least close to satisfactory) then the whole process will surely have been drawn to a close by now and we would have geared up for mining it ourselves surely?
Whilst it may well end in no deal, I can't understand where your logic comes from on this. If the non bindings were so far off the mark back in December, the process would have ended by then?

Could you explain why you feel that way?

https://www.moneyadviceservice.org.uk/en/articles/top-tips-for-choosing-investments

But given we have multiple offers of a non binding nature that they are looking to progress to binding, would that nit suggest there is at least one that is broadly acceptable.
If the non bindings were too far away from your desired valuation, then they surely wouldn't be looking to progress to binding?
If they were too far away, would the RNS not been along the lines of having had non binding offers falling short of our valuation so not looking to progress?

Is the scenario of multiple interested parties in a bidding war not also something you could envisage? Would also explain the delay, if two parties keep outbidding each other every week

Why do you think a further 2-3 months minimum?

No need to pick a date. Until the RNS lands, the prediction will always be tomorrow