Smoove Share Discussion Threads

[aimsurfer] 19/10/2022 10:23

They made a commitment to do it in October but if I was them I'd offer low price 40p and see who wants out. In this trading environment best to mop up share on the market and keep the cash in reserve for acquisition opportunities. There might be value add proptech deals out there next year if property transactions really get hit.

[sbb1x] 18/10/2022 15:28

Where is this tender offer, can it happen when share price is below 40p?

[sbb1x] 13/10/2022 11:25

Bid increasing on no trades.

[sbb1x] 12/10/2022 16:16

Another day closer to the 60p Tender offer. Sit on your hands add tiny bits if you canIm guessing the offer will go out and be open to everybody. Lets see who wants out at 60p.

[sbb1x] 10/10/2022 15:55

Im on my phone and cant see no header.

[aimsurfer] 10/10/2022 14:37

Noticed the reference few times but I'm using the Android app, I don't think it displays the header or at least I can't see it.

[masurenguy] 10/10/2022 12:57

The header already provides major shareholding information and is regularly updated.

[aimsurfer] 10/10/2022 12:13

Stockopedia shareholder tracker says 77.72% held by major shareholders. Smoove website is 6 weeks out of date. Free float will be low. This could just to 60p quick with few aggressive buys. I wonder if the company will just give every shareholder the opportunity to sell 13% position for 60p. Those who don't take up the offer those funds will be used for on market purchases.Multiple ways they could approach this.

[sbb1x] 10/10/2022 11:00

Another day closer to the Tender to remove a shed loaf of shares. 13% of shares @60p

[sbb1x] 08/10/2022 18:14

Is there a list of big holders anywhere...

[aimsurfer] 08/10/2022 08:50

They would struggle to buy 5m but if you can get 1m between here and 60p, why not do that. Then tender the rest at 60p. Institutions would still reduce at 60p if they were planning to anyway.

[sbb1x] 07/10/2022 16:32

Think we have a back ground buyer, selling price offfered was way over bid and rising all day.Another day closer to buyback/Tender.The company would struggle to buy 5m pounds worth on open market under 60p imo.Have a good weekend people.

[yump] 07/10/2022 14:15

Meanwhile talk of house prices dropping. Would be good for first time buyers, especially if it was a significant correction although decades of under-supply would at some point create a bounce.

I forget but aren’t the falls usually greatest for first time buyer houses, because they are the purchases that trigger the health of the whole market.

[yump] 07/10/2022 14:07

I would prefer asking my dead grandad at his graveside.

[aimsurfer] 07/10/2022 12:26

Strange situation for the company, do you make the tender offer now at significant premium or buy on market whatever you can and drive up the price to 60p. Who would then agree to sell at 60p, maybe institutions will anyway as they know there is no volume to sell. Especially those mopping up recently. Easy return.It would be a waste announcing the tender offer without trying to buy what you can now.

[sbb1x] 07/10/2022 09:39

Sit on your hands and wait for tge Tender offer coming anyday @60p a share :) Grab a few more if you can.

[aimsurfer] 06/10/2022 12:09

If it was a forced seller then this should bounce back quickly with few a bit of buying pressure.

[sbb1x] 06/10/2022 11:53

Just read your post on LSE.It was for 8.33m shares at 60p.And for13 percent of the company.

[sbb1x] 06/10/2022 11:22

Share price was 60p when the announcement was made in August.I think the big seller got margin called in the markets and was a distressed seller.

[aimsurfer] 06/10/2022 09:31

I was initially thinking who would want to sell under 50p but clearly someone was desperate to exist recently and sold in the 30s. 20% of the company is a lot of shares to potentially buy, you'd assume majority of existing holders see the bigger picture and won't be selling this low.

[sbb1x] 06/10/2022 08:23

Maybe 10m @50p to get 5m pounds worth.

[sbb1x] 06/10/2022 08:05

Think it will be tender offer at least 11 m shares at 45p

[aimsurfer] 05/10/2022 17:13

Open market or tender offer. Don't think they can fill it all in the open market. Tender offer has to be above 40p and probably needs to be a lot higher to get enough sellers.

[sbb1x] 05/10/2022 15:38

The 5 million pound share buyback... will that be on open market...Can take a lot of tge freefloat out the market with 5 million