Tuesday, May 29, 2007

City Share Price Movements (Week Ending 25.5.07)

This is the weekly article charting Manchester City Plc's share price movements during the last week. The price doesn't usually move very much and not many shares are usually traded, so you can pick up here at the end of each week our summary of the week gone by.

Last week saw no share activity and consequently no change in share price. Media speculation about the takeover seems to be easing off.

Thaksin Shinawatra's Thailand based lawyer claimed several times that a formal bid had been made for Manchester City Plc however, this turned out to be untrue. Plus Markets (the stock exchange) will be informed of all formal takeover bids which they will then confirm via Plus Markets. At the time of writing, no such announcement has been made and until such time bid speculation is just that, speculation.

Thaksin Shinawatra's Thailand based lawyer's continued comments to the media could be a breach of the Takeover Code (the rules that apply to takeovers). Whether the Takeover Panel are looking at his announcements remains to be seen.

Last week:-
Finishing price (mid): 45p
Bid price: 40p
Offer price: 50p

Share price movement for the week:-

21/5 0
22/5 0
23/5 0
24/5 0
25/5 0

Total volume for the week: 0

All information taken from Plus Markets Group


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