Ruralco just playing games.
They know they need to strike now before mngt sells of forestry and futuris.
Expect a much better offer in the next few weeks.
In regards to futuris , the book value is $214 million.
2011 EBITDA was $35 million. We will wait with interest what the EBITDA for futuris was for 2012. You could expect approx 6 times this figure in sale price.
I'm getting very excited.
If elders can sell off futuris and forestry for book value, we will be left with minimal debt and a rejuvenated rural services business.
We will be a major takeover target.
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$9.20 |
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Mkt cap ! $1.453B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 13049 | $9.18 |
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| Price($) | Vol. | No. |
|---|---|---|
| $9.20 | 1062 | 2 |
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