If there is a bid it may come from civica or across the pond |
well it appears the selling has stopped, just need some buying now |
So was the 6425 at 208! |
Thanks crossgate - I'm watching for the same reason. Not sure what the right price is yet. |
Well, the share price is saying something.... |
Is the takeover going to happen?Who are they talking to? any opions? |
Wow, wall to wall selling and still it rises. I joined the club today - it's getting too close to where I think the bid will be pitched and something could always go wrong...
Best of luck with the ride, spooky. I agree completely about your volume argument. But do remember that there are arbs out there, especially US ones, who pile in to many stocks on the announcement of a bid approach |
I didn't notice the other announcement sneaked out yesterday about the insurers coughing up. That's cleaned the company up, making it a tastier morsel. |
Thanks for that, spooky. I take your point. Are you suggesting that the potential acquiror is picking up a chunk of the stock now, to demonstrate they are serious and also to get the shares more cheaply than if they pay the full bid price?
Unlucky farsight. If you didn't work for a living, you might be better off! |
I wish I didn't work for a living and could be around to spot this sort of thing. Sigh. |
No,the market is willing to buy a large line of stock at this new higher price,they have a buyer.This usually indicates to me that the bid is real and will be followed up.Not foolproof but a good indication. |
I think that the fact that Comino have engaged an advisor is a sign that talks are fairly well-advanced. (Is that what you meant by looking for size?) |
Agreed, spooky, about the price. I wouldn't rule out a contested bid, either. Comino is the last company of its type not to be taken out yet. |
This would appear to be a fairly serious approach,they are looking for "size" on the bid and that is normally a good indication.
Time to guess a take out price,i would suggest £2.40 as a starting point,roughly 10 times revenues plus the cash,14/15 times next years expected numbers.Sounds as though that should keep both sides happy.
:-) |
Now we're getting the sales - presumably some of them from people who bought yesterday.
I'm staying in to see what transpires. |
Gosh! Weren't those people who bought in yesterday lucky! Hardly any deals for weeks and then just before the announcement people started buying. What a coincidence! I hope they've got their stories straight before the rather nasty little phone call which is likely to come shortly. |
its in bid talks |
Here we go again..... |
OMG is worth checking out...owners of subsidiary Vicon Systems, manufacturers of
the worlds first 4million pixel motion capture technology, used in Spiderman 2,
Thunderbirds etc. End of year 30/9. Currently at resistance level of 28p, Will
probably drift a few pence lower before then if you want to buy in at a good
price. Looking very bullish. DYOR
Thread....
Recent Interim statement available on company
website.....
Major player at this years Siggraph trade
show... |
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