TIL - Trilogy [formerly ECO - Ecoya]

[boysy]

Balance I also think a further offer will come out of the woodwork the TIL share will be earnings accretive for the likes of BWX with a 45x PE, will be interesting how this pans out but puts a stick in the ground re worth .....

[Everwood]

correct - should have said they need at least another 18.8%; If everybody who is eligible to vote is voting, they will need 75% of all votes - i.e. Baker Boys plus another 43,8%.

In reality it will be somewhere in between the additional 18,8% and 43,8%; Not that easy.

From a personal point of view - not sure I would want to give them my shares for only $2.90; Let's wait for the report - and what the NZSA has to say, but unless they better the offer probably voting against. I think TIL is currently quite nice positioned - no need to give it away.

I would have preferred to get at least $3.20, but I'm happy to sell my shares at $2.90. I have a lot of capital invested in Trilogy which I like would to diversify into other investments. I also intend to reward myself with a Chanel handbag which I have always dreamed of owning someday. I have been rewarded very well since my first purchase in 2011.

[JayRiggs]

I feel the board and management are accepting this $2.90 offer far too easily.
I remember at the 2016 AGM, someone during Q&A asked if there were any potential buyers for TIL.

Geoff Ross sarcastically joked something like "yes, we are a highly attractive takeover prospect..."
Then followed up with along the lines of "no... we believe we can provide alot more value for shareholders..."

During this time, TIL was trading at a bit over $4.
So doesn't seem right for Geoff to scoff at the idea of a takeover offer while TIL were over $4, then just 14 months later sell out at $2.90.

[winner69]

I feel the board and management are accepting this $2.90 offer far too easily.
I remember at the 2016 AGM, someone during Q&A asked if there were any potential buyers for TIL.

Geoff Ross sarcastically joked something like "yes, we are a highly attractive takeover prospect..."
Then followed up with along the lines of "no... we believe we can provide alot more value for shareholders..."

During this time, TIL was trading at a bit over $4.
So doesn't seem right for Geoff to scoff at the idea of a takeover offer while TIL were over $4, then just 14 months later sell out at $2.90.

But things have changed .... TIL not delivering ......they struggling to grow ....and as said this morning things are going to take time

Was never really worth $4 plus .....but they did well selling down at a good price eh

But first offer often not the last so hang tight

Independent report probably come in at $2.75 to $3.05


And don't forget the Ecoya discount ....that knocks a bit of the price

[JayRiggs]

But things have changed .... TIL not delivering ......they struggling to grow ....and as said this morning things are going to take time

Was never really worth $4 plus .....but they did well selling down at a good price eh

But first offer often not the last so hang tight

Independent report probably come in at $2.75 to $3.05


And don't forget the Ecoya discount ....that knocks a bit of the price

Yes I agree, things have changed for sure.
It just feels disingenuous of board and management a little over a year ago to talk about how they can drive shareholder value without being bought out, and the capital raise at $3.70.... then selling out at $2.90.
If there's that much potential growth in China, then I feel TIL can give us far far more than $2.90.

Of course, I understand board and management are more after their own interests and this is the risk in investing... I'll take it in the butt.

While I'll be taking a bit of a loss on this, at the same time I'll be happy to get the capital back and go sniffing for other investment opportunities.

[BlackPeter]

Hey BP do you know if CITIC are holding any shares or have tied any up elsewhere?

Not according to the announcement ...

[BlackPeter]

I would have preferred to get at least $3.20, but I'm happy to sell my shares at $2.90. I have a lot of capital invested in Trilogy which I like would to diversify into other investments. I also intend to reward myself with a Chanel handbag which I have always dreamed of owning someday. I have been rewarded very well since my first purchase in 2011.

You are a tough negotiator, though ... ;

[RupertBear]

Congrats to the faithful, well done for showing tenacity with your holding.

Well this faithful and tenacious little bear is feeling very glum and unrewarded Bought into Trilogy at $0.60 and sat happily on them for a while then unfortunately nibbled away at a few between $3.20 and $3.80 as it was going up thinking I was onto a good thing and then bought into the SPP as well. Needless to say I will be a few grand down the gurgler on this one. Gulp. And yep I know I shouldnt have held on in the downtrend, bugger.

[RupertBear]

So is it better to hold on and see what eventuates or sell out and put the money into the next good thing

[Balance]

So is it better to hold on and see what eventuates or sell out and put the money into the next good thing

First bid is never last or highest bid as a general rule.

I would be very surprised if BWX is not meeting its advisors to discuss situation.