50% chance the offer will be raised to $1.60, page-6

A couple of new write ups:

http://www.theaustralian.com.au/business/billabong-ripe-for-takeover/story-e6frg8zx-1226460231449

http://www.businessspectator.com.au/bs.nsf/Article/Analysts-suggest-Billabong-to-centre-competitive-b-pd20120829-XLS5D?OpenDocument&src=hp11

When the journalists say BBG have failed to convince the market are they referring to conversations with brokers or the unmoved share price?

Interesting that someone from citi was talking up a 1.60 price a few days ago now they are banding around a 1.80.