Well hello all...love reading the innudeos etc over the weekend..doudou angor westcott etc..lol...re my a/c I had a technical drama with HC as they noticed multiple a/cs i had. An A/c that mind you never I rarely used and I thought was dead n buried..anyway altered and fixed by HC support guys..move on....and today as we expected congrats we have got a deal...albeit not what some had planned but to others exact as we expected would play out :)
Judging by the tone of the announcenement in my opinion it highlights the board know they are slightly backed into a corner and have limited options...thats a fact...
Sure we would all have loved 57c...but that was a bit fanciful...cmon...it was...upgrade or not....lets get a bit real.
Currently SDL trades 30% below the bid price...why?
If its so cheap keep buying everyone and make and easy arbitrage ( if DOuDOu knows what that means)
At least the door is open to a counter bid now...wide open...
I know the data room is open, and the company is ringing around
There's still interest from some Chinese Mills in getting involved
Its a quality asset no doubt...but its a very tough market for large capex projects
But at vote time...if theres no counter bid...and GJ tells us to accept, and the major shareholder do accept ..it will show a counter doesnt see the value some of us cry...and that the debt market alternate isn't there..I'm out at 45c and moving on...everyone can do their own vote...ok some of you guys can now start the attack at me
SDL Price at posting:
36.0¢ Sentiment: None Disclosure: Held
