Valirx Share Discussion Threads

[wulber] 15/10/2021 11:46

Looking very bullish here!

[412069] 15/10/2021 11:46

Soon to be either 50M or 100M + depending on the deal news.

[chrisa1] 15/10/2021 11:44

no arab, 27 million

[arab3] 15/10/2021 11:40

Val is 5m Mcap ?

[jaforsadi] 15/10/2021 11:33

Val is 5m Mcap about to go placesBig news coming within days

[jaforsadi] 15/10/2021 11:11

PYC ABOUT TOBLAST

[bigpecs] 15/10/2021 10:49

Well with my 4 pound average from years back maybe there is some light at the end of the tunnel...

[vatnabrekk] 15/10/2021 10:36

It's gone nuts!

[jungmana] 15/10/2021 10:35

By Sprott I meant Eric Sprott the Canadian billionaire metals investor

[jungmana] 15/10/2021 10:29

Looking strong folks. Still hold a small position here .O/t if you like gold and other battery metals you will like LND. Worth a good look as been driven down by a seller who is now almost out. Sprott owns about 10% of the company. As always dyor

[reidy66] 15/10/2021 10:21

43.39 to buy

[rainmaker] 15/10/2021 10:14

I would be very surprised if there weren't another higher bid for French Connection as already mentioned such opportunities are very rare and even rarer at knockdown, bargain prices and IMHO without question they are being bought way, way too cheaply but we shall see and we won't have to wait too long to find out!

AIMHO, DYOR as I have done mine.

regards

[rainmaker] 15/10/2021 10:07

Of the other three, as yet unknown, interested parties who have yet to make a move, I expect both ASOS and BooHoo who are very interested in international brands-see their recent acquisitions-to become involved.

AIMHO and DYOR as I have done mine.


regards

[jayj4u] 15/10/2021 10:07

All dips are being bought. We need a new peak so 44p will be smashed soon!

We could have a 5 day move up. Monday we move higher and on tuesday we hit either 55p or 66p.

[rainmaker] 15/10/2021 09:52

Well I've always believed that a higher offer will be received as the chance to buy an international brand with strong licensing fee income are very rare but to buy them at knockdown, bargain prices are even rarer. We have a very successful wholesale division making £14/15mln a year and a brand licensing division making £5mln to £7mln annually under typical, more normal trading conditions and a retail virtually trading at breakeven so the £29mln bid on the table for the Group IMHO is way, way too low.We have quite a few investors buying at 29p to park their money and earn a 3.44% return or approx 41% annualised but they could make considerably more.Whatever happens we won't have much longer to wait to find out-

Takeover Panel Statement re French Connection Group plc
14/10/2021 2:31pm
UK Regulatory (RNS & others)

French Connection (LSE:FCCN)
Intraday Stock Chart

Friday 15 October 2021

Click Here for more French Connection Charts.
TIDMFCCN

RNS Number : 1353P

Takeover Panel

14 October 2021

2021/23

FRENCH CONNECTION GROUP PLC ("FRENCH CONNECTION")

MIP HOLDINGS LTD (A NEWLY INCORPORATED ENTITY DIRECTLY OWNED AND CONTROLLED BY APINDER SINGH GHURA, AMARJIT SINGH GREWAL AND KJR BROTHERS LIMITED) ("MIP")

GO GLOBAL RETAIL LLC IN CONJUNCTION WITH HMJ INTERNATIONAL SERVICES LIMITED ("GO GLOBAL")

On 5 February 2021, French Connection announced that it had received separate approaches from each of Spotlight Brands in conjunction with Gordon Brothers International LLC ("Spotlight") and Go Global.

On 2 March 2021, Spotlight announced that it did not intend to make an offer for French Connection in accordance with Rule 2.8 of the Takeover Code (the "Code"). On the same day, French Connection announced that it had been approached by further interested parties since 5 February, in addition to Go Global, and that it was commencing a formal sale process under the Code.

On 4 October 2021, the boards of MIP and French Connection announced that they had reached agreement on the terms of a recommended firm offer for French Connection (the "MIP Offer"), to be implemented by means of a scheme of arrangement.

On 9 October, French Connection announced the publication of the scheme circular in relation to the MIP Offer. That circular included notice of the shareholder meetings to approve the MIP Offer, which are scheduled to be held on 1 November 2021.

Pursuant to Rule 2.6(d) and Section 4 of Appendix 7 of the Code, the Panel Executive has ruled that, unless the Executive consents otherwise, Go Global must, by 5.00 pm on 25 October 2021, being the seventh day prior to the date of the shareholder meetings, either announce a firm intention to make an offer for French Connection under Rule 2.7 of the Code or announce that it does not intend to make an offer for French Connection.

This deadline will cease to apply if, before that time, a third party other than Go Global has announced a firm intention to make an offer for French Connection under Rule 2.7 of the Code.

Each of French Connection, MIP and Go Global has accepted this ruling.

14 October 2021

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

POTFLFFVIALSLIL

(END) Dow Jones Newswires

October 14, 2021 09:31 ET (13:31 GMT)

AIMHO, DYOR as I have done mine.

[aimmafia] 15/10/2021 09:49

Let's hope you don't get a speeding ticket

[qnq] 15/10/2021 09:33

what we need to keep in mind is that UK and European biotechs especially early starts are so so undervalued and thats because of the destruxtive mentality of uk hedge funds. thanks to them we managed to grab shares at a fraction if the real value.
a US company ar a similar stage and with such pitential would be trading at 8 folds market cap. success of any of the drugs and we will see a share price of 2000-3000 pence.
but we will be acquired before hand for 200 pence.

[lagansider] 15/10/2021 08:55

I'm not disappointed by that and in any case it's still early in the day.What I'm hoping for from the Sunday Roast is an upbeat, informative outlining of everything by Suzy Dilly to further underpin investor confidence in the Board & company strategy going forward. This will hopefully further shake off residual disquiet & doubt about the past. Further updates on potential conclusion timescales of deals welcomed of course! This will all IMHO help support the share price & attract new LT investors looking at bigger picture, rather than day/ST traders.GLA

[nico115] 15/10/2021 08:23

Cmrs doubled after Sunday roast That's 75p for Val!!Wow

[412069] 15/10/2021 08:19

I have been saying this for weeks, buy hold and await the deal news its as simple as that.

[wapper] 15/10/2021 08:17

Looks very strong

[alwaysafatty] 15/10/2021 08:16

Joined the club boys, no drop and only going up. Suzy will deliver - by end of 2021!

[alwaysafatty] 15/10/2021 07:40

Been watching this for some time. Imho there will be drop before buying kicks in. Looking to add when this drop occurs. Market cap is too low for this company with news expected in the next few months.

[412069] 15/10/2021 07:30

Could still hit 40p + today tho.

[lafiet] 15/10/2021 07:24

Oh well, no RNS pre Zak Mirs.