23-11-2023
So no price mentioned on the takeover proposal, just that it was in the summer. The price was loitering around that 122p mark in June before falling toward 100p as the summer passed.
So was it a premium to the offer in June or more likely an opportunistic premium on the fall later on?
Nothing irregular in the price movements over the summer months to suggest a price. If the market got a sniff of the price today, or shortly, then maybe they come in and buy bigger to bid the price up. It looks like sellers in size guarding that breakout above 130p and no real inclination for a move higher right now. It has had a decent pop higher already on the stake building.
If they couldn't get the financing in the summer, probably less likely now, but I wonder if they will eventually come back for another go.
It looks worth keeping an eye on.
All imo
DYOR
Interesting nugget in the AGM statement, approached during the summer regarding potential takeover albeit broker unable to verify funding package.