BND 0.00% 8.4¢ bandanna energy limited

takeover speculation, page-5

  1. 24,386 Posts.
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    It is quite possible that someone is trying very hard to keep the sp down by way of some manipulation, in order to allow them to make the move on us, if there is going to be one that is. It is the way that things usually unfold prior to a takeover. And IMO, there is no better time to do it than when there is an SPP floating around. Less shares in circulation the less money they (The bidding party), will have to come up with.
    So, the usual tactics are to lower the sp down as much as possible and then make the move. And while an offer with a premium of 40% to 50% could follow, the offer price will still not be as high as we have previoulsy experienced.

    But, like many others here, I am eagerly awaiting to see what is around the corner for us.

    Regards.
 
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