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14-11-2013, 03:52 PM
#131
Member
Originally Posted by FarmerHamilton
Best estimate by Synlait Milk is now a ...................... $9.00 .............. payout for 2013/14
Hard to sell at $2.10 now !!
The $2.10 takeover is " fair value " if you assume average milk payout going forward is about $6.90 ... so not exactly generous
Might not accept offer now .... ????
Offer of $2.10 which is asserted to be a premium to an assessed asset backing but without attempting a revised valuation on latest sales. Adopting latest sale the asset backing shifts to $2.78 and offer becomes a discount of almost 25%. Not a sell at all!!
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18-11-2013, 01:14 PM
#132
Member
Originally Posted by 1leon
Offer of $2.10 which is asserted to be a premium to an assessed asset backing but without attempting a revised valuation on latest sales. Adopting latest sale the asset backing shifts to $2.78 and offer becomes a discount of almost 25%. Not a sell at all!!
Agreed , not a tempting offer really. If you also assume the average payout going forward is going to be $7+ with regular spike to $8 then the shares are really worth closer to $3 than $2 ....
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19-11-2013, 06:25 PM
#133
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19-11-2013, 11:54 PM
#134
Member
It seems unbelievable that the Directors of Synlait could impose a trading halt lasting an unheard of 6 weeks and more incredible that this has enabled the bidder (SFLH [including two existing Synlait directors]) to advance the 50.18% held under lock up agreements to 66.78%. Apparently the trading halt has meant SFHL has been free to buy under its offer for the last 3 weeks but no one else has been permitted to trade. The trading halt is being lifted on the bidder securing two thirds of the company. It would be great to see a standoff by the remaining shareholders.
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28-11-2013, 08:53 AM
#135
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28-11-2013, 08:58 AM
#136
So again we have no 'farms' listed on the sharemarket.
We need a partial privatisation of LandCorp.
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28-11-2013, 10:19 AM
#137
Member
Originally Posted by Harvey Specter
So again we have no 'farms' listed on the sharemarket.
We need a partial privatisation of LandCorp.
Parts of LandCorp could be a good float, but can't see it happening. Try Rural Equities (REL) on Unlisted.
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28-11-2013, 10:23 AM
#138
Originally Posted by zigzag
Parts of LandCorp could be a good float, but can't see it happening. Try Rural Equities (REL) on Unlisted.
politically unacceptable but they could limit it to NZ shareholders??
Will have a look - isn't that they one controlled by Cushing?
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28-11-2013, 04:12 PM
#139
Member
Originally Posted by Harvey Specter
politically unacceptable but they could limit it to NZ shareholders??
Will have a look - isn't that they one controlled by Cushing?
The media frequently and not incorrectly usually refers to Cushings' Rural Equities which is exactly the way they run it. Given this latest escapade on Unlisted where Synlait suspended trading for 6 weeks whilst the takeover progressed there is yet more reason to be wary of Unlisted companies particularly where there is a majority shareholder advancing its own interests.
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24-12-2013, 12:01 PM
#140
Notice of variation posted (extension of offer and price appreciation).
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