Wouldn't worry too much about the current sp. The sp has months in which to rebuild. The Chinese playing games already knocked 30 cents off it in a couple of months.
If we have a good strategic asset of value to bidders with a long term view, the T.O price + capex is dirt cheap.
From the preso (in terms of advisors engaged), we can deduce (in addition to what has been flagged for months) that there are multiple interested entities in India, Europe possibly Korea / Japan.
In any case, I judge that there is compeition simply from observing Chinese behaviour (the mysterios disappearance of Liu 48 hours before the CDB term sheet was to arrive).
China would appeat to have NO CHOICE but to jettison Hanlong for the task at hand.
SDL Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
