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Ann: Takeover Booklet - Off-market takeover bid by BBRC, page-27

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astro777

59 Posts.

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28/06/23

12:13

Post #: 68510827
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Originally posted by Urbancoyote: ↑

Interesting points

Blundy’s mo in a nutshell

1) find undervalued assets when sector or business out of fashion
2) straighten out the business, costs and offering
3) sell once released value

The key risk is that they get close to high 70% with practically very few retail investors left. Then they run the company with no interest in share price and bell potter end up selling out at a poor price because they need cash at some point and then you are a forced seller at that price.

if you are allowed to ride with Blundy the whole way to completion be it 3 years or 5 years I imagine you will do well out of it. The key risk in my eyes is that this is far from certain and there js a fair chance you just get mopped up after a couple of years at a rubbish price and then they suddenly release the value once they have acquired the whole lot!

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Hi Urbancoyote

I looks like Blundy and co have reached 80% already. I am wondering what you are thinking?

BST Price at posting: $1.87 Sentiment: Hold Disclosure: Held
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0 Great analysis

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