ecorp announce profit, page-4

Singas, have you looked at the make up of the profit figure? The operating profit before tax (excluding the non-recurring items) was $1.4 million. Of this $1.4 million, $3.2 million was interest on the proceeds of the sale of Ebay. Without this interest ECP would have recorded a loss which implies that its other businesses are noting making a profit.

If the takeover is not approved I believe the shareprice will fall very quickly and it will be a very long time before it gets near 55c again.

I will be voting yes to the takeover and I believe you would have to be stubborn or stupid not to accept 55c for them.