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We seem to heading back to mid 30’s for now.
In the absence of any late reported sells to justly the drop and the increased buying activity that followed this afternoon leads me to think news will arrive in the morning. The window is closing with only 5 days left, let’s see what 7am brings.
Indeed there could be news tomorrow with that drop and the subsequent intense buying, I took another 3m.
Happy to accumulate at this level!
Not at all, there’s always a simple explanation, there is likely a decent sell order sitting in the background!
I just did a dummy buy and can get a quote on 3m shares, it must be your broker.
Southern It would be fair to say everyone is dreading that but you will also be aware that that is an absolute worst case scenario and unlikely imo.
At this stage all you can do is hit the buy or sell button so there is no point stressing about it only 7 more days until we know however as previously stated I believe the market will drop a hint prior to news.
Once a batch of sells come in you buy as many as you want within reason, I bought a few more this morning.
OB I cannot comment on others but I am invested and have funds available to double my holding when/if the time is right however that time is not yet here.
Many here are supremely confident this deal is fait accompli but I have seen this all before and on occasion news drops that disappoints, it can and does happen. I hope to be averaging up shortly and happy to miss some margin to manage risk in the event things don’t go our way.
I find it prudent not to ignore all possibilities.
I am not here that long and don’t know the board members and my advantage is I have no emotional attachment.
The dice are rolling and will stop shortly!
Southern The CEO would be setting themselves up for tin-hat territory should a deal not materialise although it is not beyond the realms of possibility. CEO’s are notoriously bullish and when failure prevails it is the shareholders who are always left with their proverbial trousers down around their ankles.
If there is to be a negative outcome, for me a delay is more probable and while this would not be a disaster confidence/sentiment will bat this into the mid to high teens depending on the terms/timeline of the delay however like a bouncing ball it will come back.
We are currently at a stalemate on the sp and I believe the market will provide an indication of the outcome as we draw closer to the deadline. In my experience news tends to leak pre release (while I acknowledge Val isn’t normally leaky) there is third party involvement in this deal which would lean towards that theory.
Let’s see where the dice lands.
Snake It is simply an estimate based on confidence/sentiment, if the deal is delayed at this late stage the gains from 20p will be wiped out and could see as low as 16p however we should bounce up a bit , I am discounting a no deal at this stage however there is always the possibility, I also think 40p it deal is announced next week.
I do not believe there will be news on Monday unless we break 30p this afternoon as news has a tendency to leak.
Southern if there is a delay I believe 16p, a no deal at this stage would be single digits for sure however the likelihood of a no deal has to be limited at this stage considering the latest news release.
What seems obvious is that the majority of investors have taken their positions and now await a decision, I have funds available to increase my holding however I am holding off for now, while I am hopeful of a deal I have been in similar positions in the past and have learnt the outcome can be disappointing on occasion.