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RWC taking a sizeable chunk there. 14%/165m. They must be confident of a counter offer/bidding war and see upside potential of c.30% plus
-1.22%, a small rise indeed! ;)
Probs cos as of now there's only one offer on the table at 62p. I agree with Mary at around mid 80s for subsequent offers
Straight up to 62p. Lovely jubbly.
Nice! Thanks for sharing.
"Clive Black, retail analyst at Shore Capital, said: “Currys is in play now. I presume it will be in a bid situation in the morning. The shares will be higher on Monday.”"
Rock on!
End??? Rns that should have been
Agreed, never say yes to initial offer anyway, but this is worth at least 80 and likely more. I expect there will have to be an end Monday to explain the recent offer/rejection.
It's definitely a cheeky offer. They have until 16th March to come back formally with something more realistic if they're sincere about it. Next week should be interesting
BBC update on this:
https://www.bbc.co.uk/news/business-68330462
Josey, why does it matter what price Damien paid for the stock vs the price paid by any of the board? Surely it's number of shares that count, right? If Damien bought 12m albeit at a cheap price, he'd still hold more than the CEO..
Wouldn't be surprised if Hanson's got his cheque book (gosh that sounds old skool) out again. I wonder what value he's aiming to buy? He's already holding more than the rest of the c-suite except the ceo.
Momentum is taking this up nicely right now, but crowd psychology tends to react to significant points of resistance. One of which is coming up at about 586p (Weekly 200MA). What I like is that this price isn't just racing up to that, where you'd typically see a big retrace, but gradually approaching. This might well mean that price just sails straight through that weekly MA, or the chart that has formed today could be interpreted as a couple of spinning tops close to the point of resistance.
There's a previous high from 21 April 2022 at 605p and after that a previous high of about 729p from Feb 2022. Usually previous highs and/or round number are nice targets, before the price pulls back, especially after the weekly 200MA.
Weekly MACD is up, crossed the zero line and getting stronger, so EZJ is still in a nice uptrend on the weekly.
My feelings are that price will go through the 200 MA next week, and maybe race up after that to one of those two targets before reversing for the short term. Time will tell next week, but good to be aware of these things, and obviously could all be BS and adversely impacted by any significant news, and depending on your time horizon, of course!
I don't really understand what's driving this move. No news and from a technical perspective, it had cleared the resistance of the down trend back in mid December, so it 'should' be on and upwards.