Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
The report spells it out - rampers, de rampers, whatever.
The valuation disconnect has been laid bare. When sentiment changes the SP rise will be powerful. Perhaps we will look back and say this report was the catalyst
Think 80-90 on no deal is harsh. The results and continued growth will see the SP bounce back strongly, beyond where we trade today
Share buy back may also be a good use of funds, if no TO
Best risk reward play out there at the mo IMO
Thanks Zak, I can only surmise that the deal will not get done, but the SP will dip on results day and then rise on the back of good results.
No deal means the current sellers will then turn the books and become net buyers...once PIs have been taken to the cleaners.
One thing for sure, PIs will panic out on a no deal. The IIs that are short will scoop up the stock causing maximum pain before winding the SP back up. IIs are defo going short
If we see the books turn before the results and the SP starts rising for no reason, it could be game on.
101 of market mechanics ....:-)
The market is not pricing in a TO thats for sure. The SP action / book tells me there are sellers out there who have been taking advantage of the volume. Many times I have been able to buy 100k at the price and only been able to sell 25k, even in the face of constant buying.
Not that this means a TO will not happen and may explain why we are still lowly priced IMHO. No takeover and strong results / outlook should see us a fair bit higher anyway
Simon Thompson thinks fair take out price is 175p
Https://www.investorschronicle.co.uk/ideas/2024/03/20/bidding-war-for-equals-group-heats-up/
Also noted that OVMK took their holding in Kelso to over 3% on 14th March
GOUDA, Netherlands--(BUSINESS WIRE)--Ophorst van Marwijk Kooy Vermogensbeheer N.V. (Hence: OVMK) has taken note of the press release issued by Kelso Group Holdings Plc yesterday and read the article published in The Times (published December 7th, 2023). OVMK has been a shareholder in THG Plc since December 2021 and currently owns close to 2% of the outstanding shares.
We admire the way THG Plc has evolved since the company was founded. All three underlying divisions are high-quality players in their individual niche markets and excellently positioned for further growth. We are, however, disappointed by the significant structural undervaluation of the company’s shares on the stock exchange, despite the improvements made to both the structure of the three separate entities and corporate governance. We therefore agree that this is the right time to unlock value by examining the strategic options for each of the company’s three business units to maximize value for all shareholders