SBL signature metals limited

say yes to all, page-30

  1. 13,316 Posts.
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    Roygiv...pure and simple....

    Takeover offer at 2 cents....BUT it is offering Singapore share script...retail and insto's investors not interested in investing in this sort of scenario.....people don't want Singapore share script...

    Also means dependant on LG shareprice holding up as well...personally I can understand lack of interest in investing in SBL at this point....

    Lets face some facts if was 2 cents a share cash offer it would be closer to 2 cents...if it was share script offer by ASX listed company it would be closer to 2 cents...

    But it is not...it is a takeover mob by Singapore listed company whose own sp has enjoyed a stellar rise (overvalued???) and only entered mining a year ago where before that it was in office equipment business....

    So sell now...hold and accept 2 cents a share script offer for LG shares..or hold for something better....

    All of these options have upside and downside risks....but we have time to make a decision so I am using my time wisely...
 
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