Going gangbusters in the last hour. Results announcement on 29 May. Might get a speeding ticket if this keeps up.
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Going gangbusters in the last hour. Results announcement on 29 May. Might get a speeding ticket if this keeps up.
10c dividend going to be dished up .. or just wishful thinking ? ;)
I mean someting must have been cooking while we didn't even hear the billy being boiled for Boardroom cuppa's & coffees :)
Have you just woken up from a nap?
Offer still in limbo
Time for another nap
http://nzx-prod-s7fsd7f98s.s3-websit...955/418323.pdf
Yes, and no doubt the real driver for this announcement is/would be the article in the NZ Herald Business pages this morning, where RAK would have almost certainly been approached for comment before publication so aware of the intent.
It does seem a particularly cautious commentery so hard to be optimistic but I agree there will be inherent complexity in achieving an acceptable outcome.
I haven't spotted any media coverage, aside from parroting the announcement.
Trying to understand the announcement and why it's marked as Price Sensitive when it doesn't include anything remotely quantifiable.
My naive guess is that the offer is on a circa one-year timeline, with the bidder attempting to lock in a 'high interest rate' discount and then fund the purchase as rates come down. Then there would be conditions on company performance over that time-frame, to ensure they get the sweet end of the deal.
The shoe is now on the other foot, with Rakon trying to push the proposal forward for earlier completion.
Anyway, it's nice to get some reassurance that the deal hasn't fallen through, even if the odds of a good outcome haven't gone up much.
The market so far this morning sees it (the announcement) pessimistically. We will have to wait upon the results announcement on 29 May, already signalled to be a reduction in profitability, to understand more. The current trading circumstance will allow a potential acquirer to drive a hard bargain, so negotiating leverage is not with RAK just now.
must be awfully complex to take six months to move a deck chair - wonder what part of the $1.70 is attached to a rubber band ? ;)
Non binding - the whole deal could waltz out the door never to be seen again, before another movement in the deck chair mysteriously happens :)
Many will remember the STU Offer and how that vaporised, while the new rounds of boardroom coffee were being prepared