Shares in Auction Technology Group (ATG) jumped 18% after it revealed the board had rejected no fewer than 11 unsolicited bids for the business over the past four months.
The repeat bidder, FitzWalter Capital, made its latest offer of 360p per share in cash on 23 December 2025.
The ATG board insists FitzWalter’s proposals are opportunistic and do not reflect the fair value of the business.
| Price: 318p +18.8% | P/E: n/a |
| Market Cap: £325m | Yield: n/a |
Auction software sounds like a good business on paper, but investors have had a rough ride since the company listed in 2021.
At one stage the shares were trading at £16, compared to last Friday’s close of 279p, but who is to say they were fair value then and who knows what the fair value is today?
Read the press release here: https://www.auctiontechnologygroup.com/investors/
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