RE: If not today, then when…..?21 Apr 2022 13:10
Poor banthams comments didn't age well. But to be honest, us that have been around long enough have all done the same. The feeling is literally gut wrenching, especially after waiting so long. But then again, there is so much company and potential for so little money, so even a trade which I would usually consider on another stock is just not worth it for me here. Today being case and point, so ye be warned!
The indicative offers are interesting. I can only assume after private equity had a sniff around and threw around some numbers at the end, the company must have made it clear that its not even close to what would be accepted, therefore dissuaded them from putting in a formal offer. The comoany don't have to disclose to us what this offer looked like, although I wouldn't be surprised to see this leaked in the coming weeks.
No one can know for sure the indicative numbers that were thrown around unless they are leaked, but having a guess I would reckon south of 200p, perhaps as low as 150p? Anything below 300p in my opinion wouldn't stand a chance.