-
03-07-2020, 04:03 PM
#2791
Originally Posted by Balance
MET directors really need to announce something.
After market close today?
The silence is deafening. All the silence says is "trust us we know what we are doing".
If this deal goes sour, I think the landscape of these deals will change in the future. Each party accepting that they will wear their own costs of circa $15m under these scheme's of arrangement with a very uncertain outcome is very different to the old takeover laws where the acquirer met all potential takeover costs.
I for one will never look at a scheme of arrangement the same again, (even though I did really well from the very generous arbitrage funds paying circa $6.90 in round one when the deal was still uncertain).
Last edited by Beagle; 03-07-2020 at 04:04 PM.
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
-
03-07-2020, 04:04 PM
#2792
Nz may have dodged a bullet first time around with the virus sort of contained.
Not over yet ....probably come back and if it does it’ll prob be worse because kiwis won’t totally lock down again.
So as far as MET goes the future still has a lot of risk attached to it .....they should should take the $6 and pass all that risk onto EQT
To me $6 in the hand is better than $4 if no deal or $3 if the virus takes hold again in next year or so.
Last edited by winner69; 03-07-2020 at 04:22 PM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
-
03-07-2020, 04:07 PM
#2793
Originally Posted by winner69
Nz May have dodged a bullet first time around with the virus sort of contained.
Not over yet ....probably come back and if it does it’ll prob be worse because kiwis won’t totally lock down again.
So as far as MET goes the future still has a lot of risk attached to it .....they should should take the $6 and pass all that risk onto EQT
To me $6 in the hand is better than $4 if no deal or $3 if the virus takes hold again in next year or so.
$6.35 Is the price Winner. Got to get that mid point in the revised value so we can feel we weren't shafted.
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
-
03-07-2020, 04:25 PM
#2794
Originally Posted by Beagle
$6.35 Is the price Winner. Got to get that mid point in the revised value so we can feel we weren't shafted.
That would be good
I’m glad you seemed to have around to accepting that getting something like this is far better outcome Than thinking it’s a great long term investment and would get to $8 plus if allowed to do its own thing (ie not taken over)
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
-
03-07-2020, 04:34 PM
#2795
Originally Posted by winner69
An up day — a 2 mill plus trade as well as a few other sizeable trades but heaps of small trades keep the upward trend going.
Yep Bal, might get that announcement late this afternoon .....but I think the stubborn one will mull on it over the weekend,
In which case, better get set or get out before market opens on a Monday when an announcement - could be ‘I spray & walk away!’ or ‘we are negotiating’!
-
03-07-2020, 04:42 PM
#2796
Originally Posted by Balance
In which case, better get set or get out before market opens on a Monday when an announcement - could be ‘I spray & walk away!’ or ‘we are negotiating’!
The guy in the spray and walk away ad looks like a Hong Kong hedge fund guy too
Could the answer ....give the Board a spray of that stuff
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
-
03-07-2020, 04:47 PM
#2797
Originally Posted by winner69
The guy in the spray and walk away ad looks like a Hong Kong hedge fund guy too
Could the answer ....give the Board a spray of that stuff
You naughty bear, the board are surely slightly more valuable than the green sludge that grows on ones driveway
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
-
03-07-2020, 05:09 PM
#2798
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
-
03-07-2020, 05:13 PM
#2799
Last edited by Beagle; 03-07-2020 at 05:16 PM.
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
-
03-07-2020, 05:27 PM
#2800
Originally Posted by Beagle
Timing wasn't quite impeccable, otherwise we'd be talking round 3 here and it was too small and they only reluctantly agreed to it at a token amount and only under duress. Can't say they were proactive. Where's my spray and walk away
Yep, that spray and walk away good for stubborn stuff
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks