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15-12-2017, 03:55 PM
#2831
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 .....
Time is a great teacher, but unfortunately it kills all its pupils
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15-12-2017, 04:10 PM
#2832
Member
Originally Posted by BlackPeter
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.
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15-12-2017, 04:21 PM
#2833
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.
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15-12-2017, 04:29 PM
#2834
Originally Posted by 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.
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
”When investors are euphoric, they are incapable of recognising euphoria itself “
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15-12-2017, 04:39 PM
#2835
Originally Posted by winner69
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.
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15-12-2017, 05:06 PM
#2836
Originally Posted by steveb
Hey BP do you know if CITIC are holding any shares or have tied any up elsewhere?
Not according to the announcement ...
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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15-12-2017, 05:07 PM
#2837
Originally Posted by Everwood
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 ... ;
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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15-12-2017, 06:45 PM
#2838
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15-12-2017, 07:04 PM
#2839
So is it better to hold on and see what eventuates or sell out and put the money into the next good thing
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15-12-2017, 07:18 PM
#2840
Originally Posted by RupertBear
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.
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