Whispir Limited

ASX:WSP
Deleted on 2024-03-09 00:30:03

Whispir Limited

ASX:WSP
Deleted on 2024-03-09 00:30:03
$0.550 (+1.9%)
Last close price
#393
Rank
6
Held by
41
Followers
Reports (7) My Report Forum Investors
Forum Topics WSP WSP Takeover offer

Pinned straw:
thunderhead
Last edited 11 months ago

Happy New Year to all the Straw people, and hope you are enjoying your holidays so far. I'm back to work unfortunately.

There's been a fair bit of activity here during what is supposed to be a quiet period.

Soprano has since tabled multiple revised offers, first at 52c and then at 55c. The latter has actually gotten a recommendation from the Whispir board, so that's interesting because Pendula has also upped its offer price to 60c - the board is clearly not looking at the conditions attached to the Pendula offer favourably.

For any holders or interested watchers, what would you do? The market price is hovering just above the revised Soprano offer (which seems final, finally!), like it did when Soprano initially came in with their 48c offer.

P.S. Founder and major shareholder Jeromy Wells is not recommending the offer as it stands, as he is not part of the IBC which is evaluating the offer.
Longpar5
Added 11 months ago

I hold a small parcel IRL with an average purchase price around 35c. I'm waiting for another bid from pendula or anyone else waiting in the wings, now that the board has recommended 55c it feels closer to reality for a new entrant. I expect something to come before 10th Jan. Wells doesn't want to give the company away to private capital at this price point and I expect at least one more crack from he and pendula, which i can understand, although to me their non binding bid looks desperate, rushed and optimistic, which would appear consistent with how the business has been managed the last few years. I probably wouldn't stick around in the hope it was implemented.

6
thunderhead
Added 11 months ago

Thanks @Longpar5. I'm holding on in the hope for one last salvo too. It doesn't look like we can expect much more than the 60c indicated by their NBIO - happy to sell close to that on market if and when that happens.

6