Gcp Asset Backed Income Takeover Rumours (GABI)

So if we don’t see a gbp7m buyback by the 30apr should we assume that they are in takeover discussions. We are sitting on gbp55m of net cash with another 53.7m falling due on or around 29 june. At 67.5 i would like an accretive buyback personally."The Board is in discussion with its advisers in connection with the initiation of a £7 million share buyback programme in the coming weeks that would enable the Company to make capital available for return to shareholders in the period to 30 April 2024. The Board continues to consider a sale of the Company as an option for its future. The timing and/or implementation of any share buyback programme may be tempered by regulatory and commercial considerations in connection with any potential approaches for the Company at the relevant time."

The company is extremely late announcing the quarterly dividend. My guess is that talks are taking place regarding an agreed takeover. Expect news soon.