nmc
Well-Known Member
john@staustell said:nmc said:I assume now this has happened Porto will want to announce this to the Portuguese Stock Exchange quite quickly - I'm not sure whether they can announce during the day but I'd be surprised if they are not on the phone to City saying all " games are off" this needs to be announced pronto because it will damage Porto's relationship with analysts and investors if they are not seen to be completely honest. The suspicion in the markets must be that this deal has been done but is being kept under wraps - which is hardly consistent with the transparency rules demanded by a stock exchange. I bet Txiki's mobile was ringing red hot in the early hours - or late at night in the US.
If these investors haven't heard Mangala is going to City they must have been in a sealed canister at the bottom of the sea all summer.
Yes you are right but many of them won't be football fans they will represent pension funds and the like and will be looking at things from a different perspective. If the business they own shares in sells an asset and receives circa €38m in return they will expect to be advised through the appropriate channels not from the back page of the Sun, Twitter or a hacked video on YouTube. From Porto's perspective this looks pretty shabby and they are going to be well hacked off with us (excuse the pun).