RE: Here we go…27 Mar 2022 20:56
Hi Jk
The share price will be at 130p in the morning, it may go higher if another bid is expected. First bid is always a low one.
3 possible outcomes
1. Another interested party will enter the bidding, they will bid more than 130, if sycamore are serious they will better that bid ( there could then be a bidding war )
2. There is no other bidder, the board will obviously reject 130p , if sycamore are serious they will increase their bid, this could happen more than once.
3. The board reject this offer and sycamore walk away, which is unlikely. If this did happen one would have to ask the question why they have even bothered doing all this to make a laughable offer to walk away wasting their time and money.
If they did walk away some might ask the question: did they buy shares before they bid at say 90p and are they selling before walking away at £1.30. Surely not.
I have posted on here before now that sycamore are serious and wealthy investors. I believe they are but obviously 130p isn’t serious, so it is now a case of wait and see, I believe we will see offers getting to approx 170p, would this be acceptable ?