Member Info for Tradevestor

I very rarely post on here. LTHs here will know I've been in since 2.7p October 2019.

I don't believe a sale will be for 35p but it won't be for £35 a share!! Sorry to ruin the rampathon but I think this giddy talk of £35 a share needs to be tempered with a sense of realism and a semblance of commercialism.

Talk of £35 reminds me of that jonesrichard guy and his incredulous ramping and ridiculous price predictions.

GLA - praying for a successful conclusion to this FSP before the next tax year

AVCT RNS of 2 September 2020 is worth reading again. Abingdon and the massive manufacturing capacity AVCT have secured

All eyes on BoJo's announcement later. I've been patiently holding AVCT and ODX for a while. Seems the stars are now aligning.

I'm surprised Abingdon is still under the radar. Very low mcap and as manufacturing partner for AVCT, as well as the lead partner for the antibody test, I think Abingdon has a couple of bags worth of potential.

GLA

And focus on the end game instead

Why are people even bothering to engage with the 9 inch tool? It's just clogging up the board

Starve this 9 inch nail of any oxygen and let him rust in peace

His posting is usually a precursor to a decent rise. So it looks like 50p tomorrow then. GLA

UBS and DLA will want this done and dusted in time for some juicy Xmas bonuses

Nice to see 40p within sight and the conclusion of the FSP on the horizon.

I don't believe EUA have been paying DLA for 2 months just for DLA to run up the clock. Final details are being thrashed out and it could be the complexities of the deal structure, consortium of buyers, a new entity and an RTO into EUA etc, that are taking time to hammer out.

Still hopeful of news this side of Xmas - GLA

EUA takeover at only a 70% premium? Really?

Look at COS, FSP concluded end of August. Something like 450% premium offered based on the share price at the start of the FSP, 250% premium based on 3 month average, erc

Given the nature of EUA's assets and the involvement of UBS etc, a 200 to 300% premium, if not more, from the current share price, is definitely doable here.

I'm still hopeful that we will get the FSP RNS this month.

GLA

1. IF there were no offers and no prospect of a sale then the FSP would be done and there would be no need to instruct DLA Piper.
2. For a full company sale we are looking at 200% from here IMO and that's a bargain basement price. MT on its own is worth more than 50p now, let alone the rest.

3. If there are resource upgrades or other news whilst the FSP is ongoing, expect 50p - 60p to be the new trading range.

GLA

Timeline-wise, especially with DLA Piper being instructed, strongly suggests we are mere days away from news, to me at least.

Even if the legal process takes another month or more to actually conclude, once there is an acceptable offer on the table, EUA will have to inform the market.

IMO there is an offer and DLA have been instructed to work with UBS to advise EUA on the best structure for the deal. What I don't think we are waiting for is for the deal to be done - an offer that the BoD recommend will be RNS'ed and the share price will instantly gap up.

All IMO and GLA - could very well be the news we've been waiting for ANY DAY now

£1 billion mcap now, I also fully expect DLA Piper to be close to finalising the deal now.

Been a while since I posted but having scrolled through the posts, a couple of key clarifications to bear in mind.

1. DLA Piper have been instructed by EUA. The buyer(s) will have their own law firm(s). Due diligence would have been ongoing since the FSP started.

2. Every corporate transaction is different but, generally, we can expect heads of terms to have been agreed already, and DLA Piper are finalising the deal.

3. Despite derampers suggesting otherwise, a "simple" takeover would still require legal input, so the fact that EUA have instructed DLA Piper does NOT mean that there is no sale, or it is just an asset sale or maybe a JV.

4. In an FSP, all bids are closed, so the BoD will only make public the offer they want to accept and put to shareholders. There could be a curveball, whereby a bidder drops out of the FSP and makes a public bid by way of hostile takeover. It all depends on how many bidders we have and how the FSP is going.

5. If the share price gets close to the offer, then the BoD can suspend trading pending an RNS on the offer. Whatever happens and whenever an offer comes, the share price will re-rate instantly to close to the offer.

GLA - I think it will be an epic week.

I believe we are also going to set a record for the biggest buy out ever on AIM.

UBS and now DLA Piper = says it all IMO

Just checked in and noticed a fair few confused posts.

1. Any potential buyer(s) cannot buy any shares on the open market if they are involved in the FSP. This is illegal and would defeat the purpose of a closed period such as the FSP if any buyer can also accumulate shares on the open market.

2. There will only be one offer that is made public, the one that the Bod want to accept and put to shareholders. Opening offers and counter-offers are not disclosed during the FSP.

GLA

As some of the LTHs know, I'm a corporate lawyer by background and there's a couple of other LTHs here with a similar background. I've also worked with DLA Piper lawyers dozens of times over the past decade or so.

Two observations - 1. Even an outright all cash offer for EUA and not two separate sales etc WILL still require some legal input to complete the transaction and 2. There is NO WAY DLA Piper have been instructed at this stage of an FSP if there is NO deal on the table

GLA

Could it be two deals, MT and WK, £7-8 billion for both to two separate buyers?

EUA waived the usual 28 day deadline...

Bring on 8am and good luck to all the genuine holders here

Sampson I think we knew that. Placings meant dilution...

A bit disappointed - 45p
Satisfied - 60p
Expecting - 70p
Over the moon - £1
Fantasy figure - £1.50
No chance - 35p or less