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$2.04 villa world limited.

Ann: AVID Revised Proposal Recommended, page-9

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Bird50

13 Posts.

6

02/05/19

17:15

Post #: 38380572
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Originally posted by flight11: ↑

I don't think this offer is anywhere near high enough. VLW's share price has been depressed recently because of a general housing downturn, not because of its own performance or underlying value. This bid looks opportunistic as a result. It compares the offer to the depressed share price in March and fails to compare it to the partly recovered share price in April.

The offer is only 6.6% premium on the current share price as at close of business yesterday. That is a woeful takeover premium for such a good business. I recommend all shareholders vote against the bid at this price if/when it is put to a vote.

All IMO.

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Flight 11, I agree wholeheartedly. Let's hope the offer is rejected and we get a much better one at some point.

VLW Price at posting: $2.28 Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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