NEWSFLOW

Smoove (#SMV) – PEXA “has substantially completed due diligence”, Takeover Panel extension to 5pm 6th October

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Smoove – possible offer “formal due diligence process is now well advanced”, but how much offer upside now is there?

Describing itself as a “customer focused technology and services business aiming to revolutionise home moving and ownership”, Smoove (SMV) has announced that, following a possible cash offer, “constructive discussions have continued between the parties and that a formal due diligence process is now well advanced… Takeover Panel… extension to… 5.00 p.m. on 8 September 2023”. What of the share price response currently to 48p?

NEWSFLOW

Smoove (#SMV) – Takeover Panel extension to 8th September as due diligence by PEXA continues

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Smoove (#SMV) – PEXA Group confirms potential takeover of Smoove “early-stage discussions”

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Smoove (#SMV) – “alternative potential transaction” discussions discontinued following possible offer disclosure

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Smoove (#SMV) – tender offer of 40p per share, up to £5m

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Smoove (#SMV) – up to £5m tender offer at 40p per share

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Smoove – interims, “to build on the successes of the first six months”? Er…

Describing itself as a “technology and services business aiming to revolutionise home moving and ownership”, Smoove (SMV) has announced results for its half-year ended 30th September 2022 with “Highlights” including “revenue increased by 4% to £10.6m… Cash balance of £17.0m… Proposed tender offer to return up to £5m to shareholders to be launched as soon as practicable… confident that we have the right strategy and plan in place to build on the successes of the first six months of this financial year”. So why currently a share price response down approaching 7% to 33.8p?

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Smoove – emphasises “strong growth” and stamp duty assistance, but what about its bottom-line and other macroeconomic factors?

Describing itself as a “technology and services business aiming to revolutionise home moving and ownership”, Smoove (SMV) has announced “strong growth… demonstrates the depth of the group's relationships with its introducers and its ability to capture market growth in the remortgage segment” and that it “anticipates that the recently announced changes to stamp duty thresholds will help more people get on the property ladder which should in turn positively impact the group”. So what of a current share price response to below 44p, down 9%?

NEWSFLOW

Smoove (#SMV) – notes its developments in housing market, argues “several growth drivers”