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20:29
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Originally posted by CEOChair
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on 18/10, I posted:POSCO’s 2nd Sep revised $4.40 bid was based on a 40% premium to the 30 day VWAP at the time. This amounts to a 19% premium to the 30 day VWAP to 15th Oct, which I calculate is therefore $3.70. Therefore, if the going rate is indeed 40%, then POSCO would be considering upping their final offer to around $5.18.
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To many people are attached to this stock. Future dividends are appealing, but anything above $6 and I'm selling out. Even at the $5.40 range I'm a seller. That's a $1B valuation, and looks great on ID's resumé.
