You state % numbers but you never say % of what. Here are a few traditional numbers for company Buy outs for a company that is not doing well.
1 X book value AUD 2.40 SH times 1.5 your midpoint. = AUD 3.60 10X recent earnings Will not even go there but even at 150% it is less than $2.00 1 X revenue per share Less than AUD 1.00.
Read up price is calculated on current performance of company not current share price. Do a little reading. There are many ways to evaluate a company share price is not one of them. This is why the WF deal failed
LYC Price at posting:
$6.29 Sentiment: Sell Disclosure: Not Held
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