RE: NCYT - clear for t/o offer?18 Jun 2021 11:01
indeed blueigeruk. As a general rule, the price paid is usually the highest in the preceding 12 months. The SP is approx 70% lower than the highest in the last 12 months, plus plenty of uncertainty remaining so why would anyone pay top whack?
The much safer thing to do from a bidders perspective is to wait another year for the SP to find some sort of stability, then bid. GM must be aware of this, and will be working his arse off to fend off 450-500p bids that will undoubtedly come through next year if the SP continues to languish around here.