Quote Originally Posted by GR8DAY View Post
Starting to look bloody cheap with recent professional? valuations of $1.70 and $1.95.
But what we don't know is the value of the gains expected from combining STU / Fletcher and what proportion of these were estimated to be retained by FBU / provided to STU shareholders through a higher offer. These could have been a tiny portion of the prices which makes the current share price cheap. If there were a lot of assumed synergies, current prices can still be consistent with these offer prices.

IMO STU management needs to get some runs on the board towards delivering their new strategy.