Agree that was a good hold . I bailed out weeks ago but patience would have been rewarded. Hard to see round corners though... |
Well done to those that held on and got a better price. Is there another bidder out there as some of these hedge funds have been buying 61p+, is the new price worth the risk? |
Nice to see a sweetened cash offer of 64.75p this morning. |
6,12% position for Sand Grove Capital management as of 27th of February. as of 06th of march they own 9,94% buying at 62,5p
Interesting developments |
First time the share price has reached the bid price. No smoke without fire. Time to put up or shut up. Any new bidder would have to offer 65p, which could trigger a bidding war to 70p. I'd be happy for someone else to buy them at 70p as it would allow LDG to make a further tender offer for its own shares. |
A serious counterbidder would have to have balls to wait until 2 days before the vote before they came in .
So no eunuchs need apply I guess. |
Some major shareholders have been accumulating whilst private shareholders have been selling. If there was another bidder out there, I'm sure they would have materialised by now. I don't see Dbay waking away, but they might add a couple of pennies to their bid |
They are having huge problems getting support for the bid. The only way it will go through is if it is raised. Surprised no one else has come in with a counter. |
Does anyone have a view on the adjournment news today please? |
Still buyers out there which is surprising. No sight of another bidder though |
If there was zero chance of a counter offer they wouldn't be trading at such a small discount to offer price. Especially when the timetable will be months away yet. Arb funds will be aggressively buying here. |
Horndean, the offer price is 62.5p , with a caveat that any dividend would be swallowed by them. So the stability of the price all day yesterday around 61p suggests that there is little hope for another offer . There is no timescale , and due diligence could take months.
Yes the value was higher in the past and takeovers that lose you money are annoying. My wife is £10k down on this holding , but it is part of the gamble of the market . Your holding is 35% up on yesterday, it could be worse. I am a half empty person but was not convinced that ALP was going back to a pound any time soon so now have the opportunity to put the same (reduced) money into something more promising. And there are some bargains around at the moment I think. |
This was 120p not so long ago and applying a 15x forward P/E multiple gives 75-80p! |
I think price so close to offer is implying potential for rivals to turn up. I wouldn't be surprised if DBAY outbid. Happened a few times in the past. |
Wow, AI said this would move, but was not expecting that. |
I've sold too. Can't see a rival offer. Not worth holding 6 months for an extra 1.5p from the takeover |
Oh what a lovely surprise this morning. !!
I just sold my lot
Just the boost I needed this week
Well done all holders
P. |
Just sold mine 61.6p. Doubt a better bid is coming . Suspect the BOD are happily counting their options and bonuses , but that is the nature of Markets. |
Well that is a surprise. Somehow doubt the rivals are queuing up...
Having paid about 80p I resign myself to a loss but could have been worse! |
Take over offer is far too low!
Need a rival bidder.
5 times the board was approached yet nothing was disclosed.
Naughty! |
Selling off again. |
10 Stocks to follow for 2025https://x.com/tmsreach/status/1871447243376713747?s=46&t=z43m4_7LgUJ7F0f0suJ-OQ |
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