well Pete... anything can happen ... if buy does not go through...

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Twodogs196

701 Posts.

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23/06/22

17:06

Post #: 62168689
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Originally posted by pete11: ↑

i have another question, so as OCT approaches PYG should be trading closer to $1, so by say end of SEP it should be 98c or so right?

What if the stock market crashes in the next 3 months, like a 30%+ drop in the DOW, could the deal be off because of a market crash?
could they decide that $1 is too much and offer only say 80c if we get a massive crash in the next 3mths?

How likely is it another suitor will try and trump this offer, as i too feel this is very low, considering the compounded returns PYG will be generating in the years to come with more and more clients, this could have been a $5 stock in a few yrs, so could another suitor offer a higher bid, when would we know this? if it was going to happen would it be in the next few days? or could a superior offer come in say another 1mths time?

cheers guys, im so glad i didnt sell this one after buying at 45c and watching it drop to below 40c, im so glad this strategy of buy and hold worked out this time.

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well Pete... anything can happen ... if buy does not go through there are break costs on either side depending on who does what.. and market crash shouldn't do anything to buyout... but in life there are no guarantees... other than "my guarantee" .. lol.. that $1 is waaaayy to cheap given future growth earnings etc ..

from memory shareholders vote on it in August.. and other offer can come at any time... stay tuned for more exciting adventures..

PYG Price at posting: 94.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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