charlie aitken, page-12

I agree 100% with Commodorecontrarian about Charlie.
He is applying his experience and tested method for identifying takeover targets not just on financial terms - (he doesnt often identify them purely on this basis but TO potential is just the cream)
Aitkens Successful High Conviction Takeover Targets
LGL 16/3/10 $3 - 2 Weeks 1/4/10 $4 - 33%
AOE 3/12/09 $4 - 13 weeks 8/3/10 $5.15 - 30%
CEY 10/6/09 $2.7 - 1 year 5/7/10 $5.95 - 120%
WYL 26/5/10 $1.24 - 4 weeks 29/6/10 $1.60 - 30%
ITO 23/2/10 $1.10 - 28 weeks 15/7/10 $1.54 - 40%
His strike rate is very high with TO potential stocks - add in performances of Whitehaven - not completed.
Personally I am in the camp of strategically WPL and BHP would be a perfect fit, but the price??? - BHP would want WPL board approval I think given the recent uncompleted deals.
I dont think BHP would have the guts to do it but would be interesting if they could get Shell's 24% at $50 or $9.3B (Shell sold previously at $42) and then extended the offer to all shareholders as required - would the hedgies and insto's give in ??? or have the risk of being a 30, 40, 50% shareholder - they would get control though I am sure.