MYOB Don't Sell [Archive] - Sharetrader Forum

Contrarian

30-10-2008, 09:54 PM

Gidday

People lucky enough to be cashed up & able to do a take over of MYOB are smart people.

I'm going to hold onto what they want, & don't sell.

Look a few years out.

moimoi

31-10-2008, 10:28 AM

the offer is derisory!!

GPG, amoung others, should be shot for indicating an acceptance.

Moi.

Yossarian

31-10-2008, 10:53 AM

what a joke. "43% premium to relevant trading multiples"...

turn it up!

Beefheart

31-10-2008, 11:13 AM

Absolutely insulting!

What are GPG & other insto's thinking! Surely they're not that desperate for cash?

I know I keep repeating the word but I actually feel insulted by that offer. :mad:

Regards
Beefheart

Dr_Who

31-10-2008, 11:22 AM

What do you guys think it is worth?

Be realistic now and crunch some numbers for us. :)

Stranger_Danger

31-10-2008, 12:47 PM

I got out when Archer had their first go, and boy am I glad I did. I don't retain shares in companies where management won't even investigate shareholder wealth enhancing proposals.

I don't think the offer is all that insulting. MYOB's balance sheet, their competitive position and the outlook for their customers has only gone one way since the $1.90 was waved around - and thats down.

What do you guys know that the institutions don't know?

Contrarian

31-10-2008, 08:05 PM

Gidday

What made Billy Gates a financially secure person?

Software, once developed & multiplied on a 25c Cd, or better still online, means big profits.

I think this MYOB crowd & Solution 6 before them are some smart cookies. I would rather hold than sell, that applies hopefully, for many years.