Market's view on Kin and Carta
Published on April 2024
- Stock watchers are puzzled by the lack of a higher takeover bid and no recent updates on the process, raising concerns about the company’s immediate future.
- Discussions note the share price’s response indicating anticipation of a possible higher bid.
- There’s a suggestion that a bidding war may be underway, with the share price currently higher than the latest offer.
- It is observed that one of the bidders might be buying shares in the market.
- There is speculation about the final offer price, with some stock watchers considering even the increased bids as too low.
- Confusion exists regarding the relationship and structure among various entities like Apax, BC Partners, Ken Bidco, and Valtech involved in the bidding process.
- There are mentions of potential strategic moves by bidders, including the possibility of further bid increases in response to competitive offers.
- Some stock watchers express dissatisfaction with their investment’s performance, noting their breakeven points are still higher than current bidding prices.
- The possibility of shareholders voting against the bid is discussed as a factor that might be affecting share prices.
- A comparison of potential returns from the bid against other investment opportunities like bonds or stocks with dividends is made, questioning the attractiveness of accepting the takeover bid.