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16.0¢ universal coal plc

No mate ... the smart money have already worked out that this is...

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Sirro

51 Posts.

40

20/03/20

16:40

Post #: 43610172
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Originally posted by ###error###: ↑

They only announced an issue of shares today which was enough to take TER's actual holding in UNV to 58%.

I'm assuming this movement is what triggers the need for a change in holdings report.

Meanwhile TER have been merely announcing acceptances received but have stated they will take up to 5 days to action them so presumably may not be required to have reported them yet.

I doubt we'll know what TER actually have until after the offer is closed, particularly as the smart money in any takeover offer will usually wait until the last possible moment to accept in case another deeper pocketed suitor appears.

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No mate ... the smart money have already worked out that this is a crap deal for UNV holders no matter how you try to dress it up.

They've already said no thanks and chucked the letter in the bin.

UNV Price at posting: 13.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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