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23-12-2019, 09:41 AM
#1031
Originally Posted by King1212
Well couta....trading halt....u said u doubted about it?
Doubted we would know for sure before Christmas and that's still the case.
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23-12-2019, 09:43 AM
#1032
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
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23-12-2019, 09:44 AM
#1033
Member
Originally Posted by couta1
Looks like were in the money winner, no need to back dog horses over the holiday period, Beagle has earned himself a few more free ski lessons and a trip to the bar of his choice in Queenstown.
Sold all my “golden goose” A2 to get into this. I am sure we will all end the year on a high! Thanks to Beagle for the insights. I should admit I got in late... but better late than never!
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23-12-2019, 09:49 AM
#1034
Member
Originally Posted by Beagle
Am I reading this right that there's now another party that has placed an indicative takeover offer, thoughts folks ? I highlight the word "and" because it would appear that not only do they have a higher offer from the first credible buyer but there appears to be another offer from a third party, apparently referring to another bidder ?
?
I read it as there is an improved offer and some plans for how it would proceed (i.e., lawyers), not another bid.
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23-12-2019, 10:03 AM
#1035
Originally Posted by weasel
I read it as there is an improved offer and some plans for how it would proceed (i.e., lawyers), not another bid.
Thanks, any other opinions on this question I posed folks, see post #1026
So the announcement is due on or before Friday 27 December. Good that's a full trading day and I must admit that's the Christmas present to myself I am most looking forward to unwrapping
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
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23-12-2019, 10:09 AM
#1036
Originally Posted by Balance
Someone wants stock to be 'well positioned' for a takeover.
Remember, first bid is never the last bid.
Stood out like a dog's genital appendage when aggressive buying came in after 'rejected' bid.
Sorry, Beagle, but that's an analogy I must use which hopefully compliments rather than offends you.
Directors have said they have obtained valuation in excess of $8.00 + but that's also a negotiating tactic.
The major shareholders hold the key to a bid succeeding and I believe last valuation plus a 5% premium will secure the deal - so $7.30.
Last edited by Balance; 23-12-2019 at 10:11 AM.
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23-12-2019, 10:16 AM
#1037
No offence taken mate and agree 100% it was always a given a better offer would be forthcoming. I agree and see it most likely to happen at about the $7.25 I have bene predicting for quite some time now.
SUM might be wondering where the ~ one and a half billion in cash from this potential takeover might be reinvested ? As always I have barked my opinion clearly in the appropriate thread
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
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23-12-2019, 10:50 AM
#1038
Hope “However, the SIA has not yet been executed pending confirmatory financial due diligence.” means the due diligence has actually been done and just needs the final sign off
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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23-12-2019, 10:56 AM
#1039
Dotting "I's" and crossing "T's" exercise I would think.
I think the little birdie who told me it must start with a "7" has been right all along.
Lets all play the game of what's the final takeover price and I will donate a chocolate fish to the winner, (a real one at the next gettogether). I might have to buy a few of them in case I get hungry over the holidays and eat the prize
I am sticking with my long predicted $7.25.
Last edited by Beagle; 23-12-2019 at 10:57 AM.
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
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23-12-2019, 11:38 AM
#1040
WooHoo. Looks like an xmas feast for all, a very long table needed, and xmas crackers provided complete with corny jokes like,
Q"What is small round and brown and sits on a piano stool?
A. "Beethovens last movement."
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