Yeh I have to agree. Certainly a situation I would look to avoid if I had a choice.
I really cant think of too many benefits. The negatives are many including trading volumes, price premiums disappear, funding issues, development timing issues, plus the major holder's goal tends to be to get the remaining shares on the register as cheap as possible. I cant see why if a shareholder really wants to maintain exposure to the AVB assets, that they don't just buy OZL with the cash they receive in the takeover.
The other point I would make for current AVB shareholders is that logic says if OZL are getting AVB at such a discount to it's true value then provided you stay on as a OZL shareholder, logic says the share price should appreciate significantly as the assets are developed and value is realised. Logic also says that if OZL pays too much for the assets then the value available to be realised is less. That is why I think the cash / scrip split is a good deal for shareholders.
- Forums
- ASX - By Stock
- AVB
- Chinese interest?
Chinese interest?, page-32
-
- There are more pages in this discussion • 69 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AVB (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online