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0.00% $1.17 thorn group limited

Ann: Close of Retail Entitlement Offer, page-2

  1. Ed1value
    725 Posts.
    lightbulb Created with Sketch. 45
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    03/10/19
    11:41
    Post #: 40704360
    Looks like the underwriters will be holding about $16.7m in stock. I suspect that much of this will end up with Somers. Looks like they will determine the future of the company. I see a low ball bid coming (not more than 40C) in the next year which Forager/ Investors Mutual will have to agree to. Its much more logical fro Somers to put this business under Resimac
    TGA Price at posting: 24.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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