My view...this is all normal if distasteful horse trading.Be good to hear what FCA say.There's an uncertainty over the bid and we are rightly well below the bid given this weeks news.I think the bid will be accepted with Stonex share awards to senior managers. All guesswork at this stage. |
Written to FCA and SFO what’s happening here again .
People are acting on insider information and it a crime with jail terms advised.
Although I will add in the coming days when it falls further , doesn’t make it right what’s been going on the past few weeks.
People go to jail for robbing the dole of a few hundred quid but these spivvs rob millions off normal people on a daily / weekly basis. |
Just say deals off and have done with it.
No way in the world this goes ahead. Stonex and cab are encouraging insider dealing here as the big players know it’s off and are trading on that information.
It’s disgusting and illegal.
Should do jail time . |
L2 also looks poor |
Last hour of trading...keep a watch on flurry of RNSs |
FrancoiseTo sell, you need a buyer. So I think that's just price manipulation.They still hold 6million. Hardly a sign deal is off |
Atopac sold 650k shares yesterday at £1.15 and reduced their holding .
No one buying but plenty of big hitters selling.
You’d think SToneX / CAB would tell everyone no successful bid is forthcoming as all the big holders know for sure. May as well get it over and done with.
When it falls I have a few quid to put back in to add a few more . If StoneX have bid £1.10 , £1.25 , £1.35 and a possible £1.45 and beyond you can be sure it’s worth more than 90p - £1. Throw in the announcement of the USA licence which is sure to be made on or around the day the bid doesn’t succeed.
Just hope you can get in at those prices. |
Well spotted.Qu. Why are we getting notifications of holdings in Stonex on a CABP RNS feed?Does that now mean Stonex are intrinsically linked with CABP hence disclosures for holdings in Stonex need to be released on CABP feed? |
Geode now increased their holding. |
Funny things going on.Barclays buy at 115 Sell at 114...see RNS out now. They must make somehow. Could they be charging a fee to do some arbitrage to keep price low.Looks to me very suspect and points towards a concerted effort to acquire on the cheap expecting bid to happen |
Have topped up again this morning at 113p. Agree about a later RNS. |
My guess is late RNS today. Maybe after close |
Certainly interesting speculation above posters. |
the deal is pretty much between Stonex and Helios. As Stonex are also offering shares as alternative to cash, that gives Helios a way torecover. presumably, they can also negotiate a sweeheart deal, whether through milestone payments or other 'incentives' to push the sale through.
while it doesn't nec. mean an improvement on the offer price, it would give Gelios the chance to benefit beyond the deal.
anyone else coming in would be nice but i imagine this'll be sown up between those two.
still makes the current 112 price cheap for a quick 30% profit. |
Francois agree, at some point this has to break free and buyers load up, if Stonex are serious, which they seem if they have been conducting due diligence, with just a few days now remain. Who knows Monday morning RNS, and CABP jumps, final offer could be 150-160p, towards 12 month highs, who knows.
Get the feeling Helios wants to sell, I'm sure it's been stated they HAVE to sell, to close their fund down or something. Odds on deal will be agreed.
If Helios were not interested they would have been rejected ages ago, and definitely would not be opening the books to them 🤔
They have also made 3 seperate offers, which shows StoneX intent.
Let's see. Could even land today, no one knows. |
Strange set of trading ranges last few weeks but I think a deal will go through based on the US license. |
You will need someone to break ranks and start buying heavily for me to believe a bid is forthcoming that will be accepted.
If we saw a big rise in the price in the next 24/48 hours may change opinion, but can’t believe that with 3 trading days left after today, some city spivvs haven’t broken ranks and started buying heavily to get an easy 30%. |
If StoneX RNS then CABP jumps towards 140p.
It's just the way the market operates. What better way to make money for the city easy 20% from here than to frighten small holders.
Look at Good energy, a middle Eastern buyer linked to UAE royal family, speculation offer could be 450-500p, initially jumped to 400p and today at 360p! |
You would think this share of all shares would have one last big Hurrah if it was about to be sold.
Appears a damp squib to me and hence still of the opinion no sale happening.
Being 4p below the price on the day when offer was made with only 3 trading days left and major sales going through from those close to SToneX validates my thoughts. |
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