Best way to play the game - follow the smart money.
The boys sold $30m of shares in June 2016 at $3.70 - hindsight (and foresight too for those who are really clued up) tells us that was the signal to sell out or lighten up as the boys did.
Printable View
BWX seems fairly tapped out re debt levels wonder if a script offer would do the trick with a PE of >40x it would be seriously earnings accredative.
$2.90 does seem a fairly lowball offer if China does take off as they have insinuated the 2H could bring.
That’s the big IF eh boysy.
Seems the confidence in delivering what has been ‘insinuated’ is waning from current developments and the comments they are making.
Hoping for a positive Grant samuel report and a better offer
’low ball’ seems a popular phrase on this thread....pretty good in my view as starters but ok even if that is the end result
You are welcome ...
Interesting to see in the papers the comment "offer they can't refuse":
https://stockhead.com.au/health/rose...bid-16pc-jump/
I am really struggling to understand why the board would voluntarily give up their credibility with signing this gagging and recommendation order for directors ... If the offer is really that good, than any prudent director would recommend it anyway without being forced to do so - and keep their credibility. Wouldn't they?
Only reason I can see for CITIC asking for this arrangement is that TIL is more worth to them than they offer - but would prefer not to pay ;);
I wouldn't be surprised about a better offer but I guess we will see whether CITIC did enough to discourage any other suitors ... fair play?
Wait, what happend with tower 'in the end'? hmm...
With a questionable outlook and consistent "growth is just around the corner" mantra, shareholders have been handed a get out of jail free card, with an offer price much higher than where TIL has been in many of the past 12 months... up to them if they accept it or not
Wouldn’t say defending them ‘vehemently’ but we need to accept that Schemes of Arrangement by their very nature are reasonably ‘friendly’ (for want of a better word) as opposed to say a hostile takeover.
That’s how real deals are done - I don’t see this deal see as that unusual in the way it’s being handled.
You obviously view it differently and that’s your perogative.
Will be interesting to see how it turns out
Funny but I thought you were writing about PEB!
'Profit' and 'growth' and 'tens of thousands' around the corner - been 4 years of that same story repeated over and over and over, plus numerous capital raisings!
What is sauce for the goose is not sauce for the gander? :D