Not sure a 30% gain on PP is sufficient for them when you look at the PE that TILs peers are trading on
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Not sure a 30% gain on PP is sufficient for them when you look at the PE that TILs peers are trading on
They may have been busy lining up their own buyer of course.
Not sure about that comment winner let’s see who meets forecast going forward. Either way let’s see independent valises report in due course ..
Probably simple arbitrage play - nice 3% to 4% on offer. Annualised, more like 9% to 12% in low interest rate environment.
Credit Suisse taking a punt .....on something
So - what do you recon? Do they only speculate on getting the 9 cents "arbitrage" of Citic after waiting 4 months or so, or could we imagine they would see more value than the offered $2.90 in this company? Of course - they could as well buy as straw man for Citic, but not even sure this would be legal - i.e. lets rule this option out.
Anyway - somebody said that there are worse places to park ones money than in the shares of a company with a pending takeover offer ... maybe that's what Credit Suisse thinks as well ;);
Interesting times - and quite happy (as holder) to sit the takeover out ...