I've still not made up my mind whether to sell or not. Will wait and watch for now..
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I've still not made up my mind whether to sell or not. Will wait and watch for now..
Currently trading at offer price of 81c, wonder if its got further legs to go....
Significant volume trading at 0.80 - 0.815
Will be an interesting few weeks. Looks like some deep pockets have figured out there’s plenty of upside from here with the PAR deal.
Well said Kiwical :)
Three things im looking at:
1. "Independent Valuation" which should value the company higher than purchase price - do they have some AI buzz words in the report for predicting ordering? =)
2. A potential higher bid and/or another offer. TSK gets to $80-90m revenue x5 = $450m valuation? Then next year they go to $100m+= $500m valuation? ($1.10-1.20+++???)
3. Cash + scrip arbitrage is good value particularly if you believe there is good growth in PAR. Acquisitions usually mean the company has good growth prospects.
Even if the deal falls through - I still believe the growth story so the market will eventually match the fundamentals.