I anticipate an offer price of between
Ksh 16-18 from my initial target of > Ksh 20. The early profit warning and re-listing must have been a deliberate strategy from the transaction advisors(team handling the negotiations for the buy-out)to water down the very high expectations of retail investors who expect > Ksh 20.
This explains why the profit warning and re-listing were effected prior to an announcement of the offer price details. The negativity of the profit warning had the desired effect of softening the share price to sub Ksh 15 levels.
An offer of Ksh 16-18 followed closely by release of half year results that will show a huge dip in profits (or even better, a loss) will ensure total submission and uptake of the offer.
I may be wrong but time will tell.........
Happy Hunting
x handle: @stocksmaster79