I would assume insto's most likely value the merged entity to be worth more than SLR as a solo entity, which is true but that doesn't mean that SLR can't get a bit more of the pie before a merger; even in the event of a no vote that doesn't land a superior offer from Red, SLR is still undervalued stock as a solo entity. I personally would say the potential upside benefit is worth the downside risk for voting no, which goes back to my numbers of 80/20 that they'd give 1/4 in the event of a no vote. In the event of a no superior offer (20% chance my guesstimate) then SLR rerates as a solo entity. This isn't really a problem for SLR as it will most likely rerate higher, Red on the other hand they're more likely to rerate lower.
- Forums
- ASX - By Stock
- SLR
- Ann: Scheme Booklet registered with ASIC
Ann: Scheme Booklet registered with ASIC, page-17
-
-
- There are more pages in this discussion • 126 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 SLR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online