RE: News4 Dec 2023 12:39
We're seeing a huge, (for quadrise) volume of trades and even at the more realistic 4% spread, the MMs must be doing very nicely on this rise?
I didn't realise we had a takeover brigade? Takeovers are a fact of commercial life and can happen at any time, although certain company scenarios can make it more or less likely. When "retail" hold approx. 60% of the voting stock, the management team have very little control over events in this area. They can reject bids and advise their shareholders to do likewise but that will not stop a potential hostile bid, which if high enough, could be successful.
If a potential buyer can convince some of the whales and a majority of the PIs to sell, it could happen. Personally, I don't think it will at this point in our development but it matters not a jot what I, or any other SH thinks, or wants. It's all about the offer price and whether the majority of SHs will sell at that time. We all have our own hopes, plans and strategies and will act accordingly.
Asking a hypothetical question at the weekend, when nothing was happening does not mean I want a buyout now. I wanted one a few months back when having serious doubts about getting "commerciality" over the line. Now I am more positive, (like many) and have no intention of selling at this time.
A very interesting few weeks/months ahead, let's hope we all enjoy the ride. It's certainly been far from enjoyable over the last year or so!