If they managed to destroy value during a boom, why invest during hard times?
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If they managed to destroy value during a boom, why invest during hard times?
Thanks all for the comments. Although I do my own research and have my own opinion, i'm also open enough to take on board options of others. That's the benefit of communities like this.
https://www.nzx.com/announcements/355364 - hopefully it is an improved offer.....
Good move putting that message out. It might get the two parties bidding against each other, and also draw out any other potential bidders.
Surprised that there's not much more discussion around these two competing bids. Isn't this the stuff of dreams for holders,? LoL
If this company was worth a buyout at $5.70 a share pre covid, it must still be worth say $3.85 mid covid?
Indeed, but the crowd who were prepared to pay $5.70 recently, & others, must be considering a revised offer, similar to MET.
ABA has already stated there are a couple of options come forward, apart from capital raising.
That's true, however from ABA's last announcement ABA implied that the current offers weren't attractive enough for them/for the shareholders, so the market assumes that they're prioritising on that capital raise for now. Although never say never, a more attractive bid may come later on :)