something seems a little odd here..., page-12

cyw ,


They say the stock market is a mechanism for transfering wealth from the impatient to the patient and many of the posts on HC seem to support that .

We are not being offered 18c or 19c .

We are being offered continued exposure to Dart's assets and exposure to Igas's assets .

A consolidation of these two companies is likely worth more than the sum of the parts .

If that is the case then the takeover is worth significantly more than 18c , 19c .

Yep I'm annoyed about NHC and am worried that the NSW assets will be sold off on the cheap .

However , I'd take the Igas offer in preference to a 30c cash offer because I reckon it is worth more than 30c to people with the patience to hang on and not throw their toys out the pram .