The Sports Cafe (SCA): CHART AND DISCUSSION THREAD (moderated)

Ob4,

Hi mate. That's the other problem. An update to cofirm that talks are continuing and a bid is on course can have two effects. It will instil confidence, but may also cause the same people to sell, invest/trade elsewhere for the hope of a quick buck, and then get back in closer to time.

I too think that MBO by the two South Africans major shareholders is the most likely outcome.

My only other concern is whether the current SP may have an effect on the offers. When SCA said they'd received other offers the SP was circa 55p. It's now fallen by 30%, also reducing the market capital, thus encouraging a downward revision of the initial offers.
Can someone prove my argument wrong? I hope they can.


Edit. Talking of getting stung on T_trades, anyone want to own up to the 50k roll/over? LOL!