Ann: SLC: Improved, Best and Final Offer for Symbio, page-8

yes a marginal improvement to offer. SYM has reasonable metrics with profit divs & growth.

SLC will be carrying debt, and has a way to go on a pathway to our position.

an improved offer but parking Board in a corner making the revised offer final. (It is a take it or leave it moment)

SLC due diligence clearly shows they see very good accretive earnings. Suggest the accretive return would be way above 10% or they would not bother to adjust their offer. Just saying ….

Personally don’t see an escalation in the SLC share price with a new combined entity so owning say 50% of SLC shares on circa 1:2 basis is as interesting to me as a ticket on the Ghan in wet season.

hope the Board do serious homework on SLC’s path to potential sustained profitability. Otherwise we gift them a superior business to add to an underperforming one. A I M O