ECL 0.00% $3.06 excelsior capital ltd

panel publishes reasons, page-14

  1. 1,561 Posts.
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    Tapdancer

    I see that you are passionate about your position to the point where you aren't prepared to open your mind to alternatives.

    Your comments on how can the surplus be banked actually requires the A Class shareholders to be paid a dividend, which from what you are saying is what you want!

    So you're arguement is circular. the only way that the ordinary shareholders can benefit is if the A Class shareholders are bought out at a lower price than the face value of $1.20. Only then can the ordinaries actually crystalise any benefit, otherwise it is just locked up in CMI.

    Take some time to understand the realities and leave the emotions out of it. I agree there is value in A Class and have been purchasing some, but until the board shows me what they are actually doing to restore value to all shareholdings I will purely take a trading position.

    I encourage those that believe they can get this board to return the value to both/any class of shares, however I am a realist and I do understand the time value of money.

    The challenge then becomes if the Ordinary shareholders are getting a "intrinsic" benefit then the strategy shoudl be to buy ordinary shares to hedge the down side on the A Class, but I dont see this happening.

    This is going to be a lot more drawn out than anyone really thinks. So I will stay with my strategy of buying on the dips and selling on the rises!
 
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$3.06
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Buyers (Bids)

No. Vol. Price($)
1 1038 $3.08
 

Sellers (Offers)

Price($) Vol. No.
$3.20 2000 1
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Last trade - 10.02am 10/07/2024 (20 minute delay) ?
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