RE: Private Equity Bid for Keyword Studios20 May 2024 09:00
@osg your frustrations are noted. The Board doesn’t have forever to get the share price up, and moves will have to be made to get the value up to maintain the support of the 65%. I don’t believe the money spent on separation has been wasted, it’s is part of a long term plan. Can or will we be in the same situation in 12 months time, no I don’t believe we will. MM and many of his investors have spent 10+ building value in the group, so they aren’t going to be in a rush to carve up/refinance group at a discount in a tough macro environment, they aren’t after all in distress as FCF+ and able to rescue leverage this year. I’m still confident MM will make his moves this calendar year, and PI’s that stick in will see their rewards.