Member Info for Swanley

Mad volume (relatively) so far today and given it started c 8% down, a solid 24% upswing so far today.

Agreed, I think the reason MMAG is still in offer period as it clearly has a proposal that it likes that needed further investor(s) to get involved. With Hargreaves' involvement now, I'd hope to see something happen now and an offer to be announced.

A sea of blue trades since! Nice. GLA

Thanks Red0liv3, I take that as a massive vote of confidence. Could see some decent action here now.

From when? I don't see this yet if it was published today?

"Based on the last few months of trading we can expect this to take a nosedive in the afternoon. Probably close around 390."

:/

Excellent rise here in the last week, almost under the radar, and just casually up 13% today so far. Steady buying suggests to me some insider knowledge. Would love to see a bid around 20p which feels about right at the moment for this company.

Thanks for sharing.

Could be that, or you could see it as they're working closely together to mutually agree a price that they're both happy with. Personally, I see it as a positive that the offeror hasn't been told to sling their hook immediately.

Don't really understand why they would need any special dispensation from the rule requirements. What's the big deal in keeping that information private?

"The Panel Executive has granted a dispensation from the requirements of Rule 2.4(a) and Rule 2.4(b) of the Takeover Code such that the Company is not required to identify any potential offeror with which the Company is in talks, or from which an approach has been received."

This is the only reason I could see:

"Where, prior to an offeror having announced a firm intention to make an offer, the board of the offeree company announces that it is seeking one or more potential offerors for the offeree company by means of a formal sale process, the Panel will normally grant a dispensation from the requirements of Rules 2.4(a) and (b"

So this suggests an intention to make a formal offer?

Today we closed above the daily 200MA - which is a significant level and first time since June 2023 that price has gone above it.

I'm guessing today's buying is in anticipation of that update with a 'sell on news' strategy. Today's movement nice to see regardless.

In auction!

Price now at the Daily 200MA. Through this and nothing but upside.

Dunno why this made me laugh - Gina Rinehart going down like a sack of proverbial sh*te in Australia. That painting has a real likeness: https://www.bbc.co.uk/news/articles/cz74ed6yk9lo

Predict tomorrow this will end up around the 845 mark just under the daily 200MA.

Took them a week to look behind the sofa and rustle up another 7p/share. F*ckers caught me offguard whilst on a conference call. Out with 20% profit - good enough for me.

GLA.

The issue here is that we'll only hear after the next bid is rejected, by which time Wood will be in auction and open back down at c.160p or lower. Sidara first made an offer on 30th April, and we were only told about it on the 8th May when it was rejected. They need to publish the next offer as soon as it lands.

1. Scott Caldwell to put on a frock and walk from Alpala to Quito shouting "who wants some of this?" every 500m?

2. Nick Mather to buy a round for all long term SOLG holders?

3. Anyone else care to suggest others?

The difference here is that price has broken through the downtrend formed between highs of 20th Dec 2023 and 26th March 2024.

The long-term downtrend formed between highs of 27th Jan 2021 and 27th Jul 2023 is a bigger obstacle to overcome which OCDO will encounter in the two weeks or so.