Top post IandW,Recognise the friendlies but would expect (hope)...

Top post IandW,

Recognise the friendlies but would expect (hope) there are some unfriendly instos that will provide some opposition.

Very interesting point and good pick up on the corp debt tax claim. Perhaps being funded by PIH somehow? Lack of transparency with all of this and looking after SH interest is appalling but in keeping with their track record.

Re "Macquarie Equities analysts said an additional 22c per share from the tax settlement suggested that Brookfield was buying Prime cheaply, as it was not offering any takeover premium."

Was this statement made before the recent 20c teaser announced?

If so, it may well have prompted the 20c?

VOTING

I have always been a NO vote but started thing that a YES vote would allow us to move on.

After reading your post I am now back in the NO camp as:

1) BAM buying too cheap...another $1 would do me i.e $5.08 issue + 20% undervalued = $6.00

Curreny BIP equivalent at US$20.88 is AUD $5.06

The 20c/PIH is IMHO the pain and sufferring payment which I would like to pocket but I am prepared to waive if the $6 comes along.


2) Clarity on AETD required. There may still be a number of BEPPA holders left in PIH. If the deal goes through I have a feeling that AETD value will disappear....pure speculation.

How are you and others looking to vote?