Uncertainty Clouds InPost Rally

13 days ago

Koe Mele

"Let's go to the Netherlands. Next, the parcel locker operator in post dealing with the delivery of bad news. Shares down 6 and a half%. >> Yeah, yesterday we saw massive gains for that company um because it announced a big takeover proposal and Sky News then reported that the bidder was the private equity firm Advent International, which already owns about 6.5% of impost um but has been selling a lot of that stick in recent years. Um and this followed a period for Impost of being one of the most shorted stocks in Europe. But now today uh we are after this massive rally that we saw yesterday, we are seeing a big drop in the shares. And analysts are saying that this was triggered by profit taking after after the rally yesterday. And that profit taking might also be because it's still really unclear, really uncertain whether a takeover bid would actually materialize. And so investors are maybe not quite keen to stick around until they they figure that out. Um, but there'll be more to follow there and probably more announcements coming from Impost at some point later."

The discussion on InPost focuses on the volatility seen after a sharp rally driven by takeover news. With shares down 6.5% today and uncertainty surrounding the potential takeover bid, the commentary suggests short-term caution as profit taking sets in and clarity remains elusive.

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