Market's view on Smartspace
Published on April 2024
- Stock watchers are discussing the implications of SmartSpace shares being higher than the offer price, exploring the best time to sell to minimise commission costs.
- A timetable for SmartSpace’s acquisition process has been detailed, including the last day for dealings, effective date of the scheme, and the schedule for payment dispersion following the cancellation of trading on AIM.
- Concerns have been expressed about the lower-than-expected valuation of SmartSpace, with speculation about the impact of recently re-priced management options.
- Historical context is provided, revealing that some stocks now under SmartSpace were previously known as Redstone and Coms. Long-term holders express mild relief at the acquisition offer, despite prices not returning to their buying levels.
- The acquisition offer for SmartSpace was perceived by some as too low, sparking discussions about entities knowing insider information beforehand.
- Irregular trading patterns and large buys have been noted, suggesting speculative trading based on anticipated company announcements.
- Frustration is voiced over the amount of time taken to confirm an offer or withdraw it, with erratic stock price movements noted in the context of relatively insignificant trades.
- There is a mention of Skedda withdrawing from a bidding war with SIS, leading to expectations of a quicker resolution to the acquisition process.