Enad Global 7 stock jumps after US activist investor pushes for sale

Discussion in 'The Veterans' Lounge' started by jeskola, May 22, 2023.

  1. jeskola pheerie

    jeskola, May 22, 2023
    #1 Last edited by jeskola, May 22, 2023

  2. Spacemonkey555 Augur

    6% owner wishes they had enough votes to matter, news at 11
    Spacemonkey555, May 22, 2023
    #2
    Koshk, Nennius and B0HICA like this.

  3. Szilent Augur

    What a weird letter. "I think you should chop off 10% of the company to put in my bank account, I'm sure you'll be fine" and "you should sell while the market is undervaluing you" are just …like, bizarrely on the nose re: "ask for stupid crap, the worst they can say is no." Why in the world would that increase the stock price? Is this just a thing where because it's an open letter it doesn't violate some (EU version of the) SEC rules for price manipulation?
    Szilent, May 23, 2023
    #3
    Nennius, Ozon, Svann2 and 1 other person like this.

  4. jeskola pheerie

    Richgirl buys EQ, more to follow
    jeskola, May 23, 2023
    #4

  5. Sissruukk Rogue One

    Quick, EQ players unite, buy powerball tickets, win the big one, and buy DPG.
    Sissruukk, May 23, 2023
    #5

  6. Waring_McMarrin Augur

    Makes me think someone is looking for a quick buck regardless of what it might do to the company.
    Waring_McMarrin, May 23, 2023
    #6
    Rijacki likes this.

  7. Scila Augur

    Anybody that owns voting stocks, sees this kind of thing in their voting agendas. It's nothing new. The stock owners have the ability to vote up or down any proposals and do their own research. What the "not so hidden" thing is, there are some companies that have more votes per share than others which puts proposals as a dead issue before they come up for a vote. It's noise.
    Scila, May 23, 2023
    #7

  8. Svann2 The Magnificent

    What he is saying makes no sense to me. He says that current management is good, but current management almost always takes a big hit when a company is sold. Not good.
    Svann2, May 23, 2023
    #8 Last edited by Svann2, May 23, 2023

  9. Monkeychunks Augur

    Alta Fox, is a firm founded by hedge fund veteran Connor Haley. They tried to take down Hasbro chairman with similar tactics because they wanted them to spin off its Wizards of the Coast unit, which publishes "Dungeons & Dragons" and "Magic: The Gathering". Even with a new chairman they were not successful.

    Fools.
    Monkeychunks, May 23, 2023
    #9

  10. Iven the Lunatic

    Dirty deeds... done dirt cheap. :p
    Iven, May 23, 2023
    #10

  11. Koshk Augur

    It's a word crime even calling these people "investors."
    Koshk, May 23, 2023
    #11
    FYAD likes this.

  12. Iven the Lunatic

    EG7 Interim Report Q1 2023

    Big Blue Bubble with Singing Monsters (a game bundle) now on rank 1 with 68% EBITDA in the game segment. To bad that the games are not listed separately. (Page 7)

    Shareholders are listed on Page 27.
    Iven, May 23, 2023
    #12

  13. I_Love_My_Bandwidth Mercslayer

    Board direct Daybreak Studios to enhance cash flows and leverage shareholder value amidst market headwinds.
    I_Love_My_Bandwidth, May 23, 2023
    #13