Diurnal Share Discussion Threads

[bamboo2] 30/8/2022 10:05

Bonus payments from ETON over the next five years will mean Neurocrine gets DNL at near enough zero cost.

There has to be a counter offer, leading to a better price for the co.

[pcok] 30/8/2022 10:02

56% before they even announced the offer. Should be a done deal as many holders have been hammered and this provides some respite.

[weatherman] 30/8/2022 09:24

I note they have about 56% acceptance, but need 75% to succeed.

[jaspoland] 30/8/2022 08:57

A shame but not surprised to see this taken out on the cheap. Can't see much hope of anything else pushing the price up so it will be sold at the offer price.

[bamboo2] 30/8/2022 08:48

If Neurocrine are happy with 27.5p, I would imagine they would also be happy with the discount [1.5-1.6p] available this morning. Approx 5%?

[deanmatlazin] 30/8/2022 08:43

Should be a counter bid. Too cheap at this price to be honest. no competitor and whoever bought DNL will make loads of money in coming years. I agree it should be taken over about £100m.

There was an article about British companies were being bought at cheap price with current economic climate. What a shame!

[zxie] 30/8/2022 08:42

Because you idiot

[best1467] 30/8/2022 08:33

Im reasonably hopeful of a potential counter bid Or a Merger deal to sort out the balance sheet to give long term investors the opportunity to realise the true potential. Spruce a possibility along with Eton but both don’t have the cash so a merger of sorts.
I’m convinced Neuro would pay double the current offer if forced they know it’s a steal

[bamboo2] 30/8/2022 08:33

I reckon 'best1467' has the price about right.

This should be valued at around £100m or 55-60p

[weatherman] 30/8/2022 08:17

All the paid for research promotion over the years telling us it is worth well over 100p, and suddenly we should be grateful for 27.5p because of risks of execution and dilution etc. But the major shareholders have thrown in the towel.

[daveboy19] 30/8/2022 08:15

I.T at it's 'finest'.

[sos100] 30/8/2022 08:10

had a few in this .....damn shame i didn't follow last weeks large buys 🤔

[bamboo2] 30/8/2022 07:59

best1467, ETON is the obvious fit.
They have quite a bit of cash, but might need to do a cash and shares deal.

This bid is no where near the £100m you were hoping for in the future.

[daveboy19] 30/8/2022 07:57

All those freebies they awarded themselves on the way down - you have to applaud the gall of them 'fair and reasonable offer' !! Yes, when you get a truck load for free, I suppose it is. Even Whitaker will be smirking under the duvet :)

[aimmafia] 30/8/2022 07:57

Insider trading

[best1467] 30/8/2022 07:43

Yes it’s a giveaway deal let’s hope it brings out further suitors

[bamboo2] 30/8/2022 07:38

Cool.

Will there be any competition?

[bad gateway] 30/8/2022 07:28

Nice premium and not a bad start to the week,

[magli] 30/8/2022 07:27

Stolen from us !

[daveboy19] 30/8/2022 07:23

Well, that explains the 4M buy last week. Luckily, I bought a good dollop myself @ 10p so yes, very, very happy indeed.

[aimmafia] 30/8/2022 07:15

If you havent looked at #CGO then you really should, 200-300 percent upside very near termCurrent Share Price: 7.5pTarget Share Price: 30p in Q4 when 2nd offtake agreement lands and we are earning $10million a year from 1st offtake.Offtake 1: 10,000 tonnes per month of washed coking coalSale Price: $120 Per TonneRevenue: $14.4 MillionEBITDA: $9.6 MillionReserves: 1.6 Billion tonnes Met Coal / Thermal Coal ( company can run for centuries )Offtake 2: in discussionAlso CGO has its Initial Modular coke Battery due to be installed in Q4 which will create even more revenue and expecting another offtake agreement to land for this also! Production will be up to 40,000 tonnes per year of raw coke with huge margins creating the below figures but I am expecting coke prices to go up even further.Modular coke battery will produce once installedMargin: $300 per tonneEbitda 2022 with module coke battery- $19.5 millionPE of 5: $100m Market Cap aprxPE of 7: $140m Market Cap aprxIn 2023 a further large battery will be installed and adding a further $45million Ebitda per year creating rough market caps of:PE5 $285 million Market Cap 2023PE7 $399 million Market Cap 2023This is obviously excluding value of gold asset and also hugely increased coking coal and coke prices.

[gersemi] 30/8/2022 07:09

God knows as to whether this bid is fair or indeed unfair but in this market it is welcome