Ann: Consortium increases cash consideration to $9.53 per share, page-79

Evening everyone, and welcome to our wrap up of the first day of the new format of the game: The 5 Month Financial Test Match. First up the awards for the day. Let’s start with player of the day which goes to AustralianSuper. Revised Brookfield offer out at 8.55AM. Rejection whacked offer out of the park at 12.01…just before the lunch break. Then, presumably during lunch, someone at AustSuper picked up the phone and ordered another 20 million ORG shares at 90 cents below the revised offer price and below the IER price. The ribbon for 7^th place? Well, that goes to Brookfield, of course.They looked like Mike Gatting facing Warnie….You remember that? A “Best and Final Offer” that was neither best, nor (likely) final and not really that much of an offer. Still no comment from them on the game well after close of play! The SpecSavers 20/20 Hindsight Award….well, that has to be shared by the folks lining up to flog the ORG Board who 12 months ago thought that an offer at a 48% premium to the current price was a good deal…..and the Origin Board. Trophy for participation goes to Australian Analysts everywhere who, until very recently, thought that a startup called Octopus was worth not much. Can’t blame them, some of these guys left their previous roles after predicting that the invasion of Ukraine would only take 3 days. Finally, the “Lord Clive ‘I stand Amazed At My Own Restraint’ medal: Well, we’re giving that to a Mr. Toobarak somewhere on the Hume who received a call earlier this morning asking if he had seen the revised offer. His mild-mannered response was to politely ask the caller to pass on the message to Messrs. Brookfield to “go step on Lego”. An earlier post suggests he may have said something we can’t say on this programme. Ends.