I am not happy (hold SXPO). Can someone come up with a B-S valuation for the options given a share price of 72c? Given the time value that they should have, it must surely be well north of 50c. And dig the restrictions SXP has agreed to re. 3rd party offers, plus the break fee if SXP don't see this MIA through, and the fact that the share price for LNC's scrip offer won't be fixed until August (ie, post Chinchilla commissioning and likely success).... it stinks.
I see great potential for an entity combining LNC and SXP, but even so it looks like SXP shareholders are being shafted... by their own management! :-(
SXP Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
