Phew..as a shareholder in HBL / HGH my opinion is that UDC is simply too big for them to acquire. I have had concerns that any likely share issuance and probable size of discount to get it done would have most likely have had to be huge and the funding required to grow the two companies is easier said than done and would have probably led to them having to pay well above market rates to get deposit funding support. Too risky...steady organic growth with lower risk is a considerably better strategy in my view. Removal of this contigent overhang risk is a clear positive as far as I am concerned.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Originally Posted by percy
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