This has no chance at 73c when the NTA is 40c.
FLSmidth are going to pay 30 odd cents ($17m) for the actual business which is turning over $30m+ netting $3.5-5.0m?
My message to the FLSmidth Chairman:
How about you cough up for the syngeries that you will obtain by bringing Essa under your control? I'm thinking of a number that starts at 1.
Essa Board:
You have under-estimated the loyalty factor of your shareholder base, you are now about to see what shareholders really think of this offer. It wont get past 25%.
Get on with running that business as a stand-alone, if you dont think you can, its time for you to move on.
Pep
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