Totally agree Gwaihir - if a bid comes in then it should bring...

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11/11/20

08:13

Post #: 48784319
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Originally posted by Gwaihir: ↑

There probably is a threat of a takeover at the moment, simply because of the depressed share price, low market cap, profitability, and cash in the bank. If it happens, you'd want at least 50% above the average target price of the top 3 to 5 brokers, so something around 68 cents, but you won't get that as an initial bid. The takeover company can also see around $50 million or more in the bank here, SXY has got to be a juicy target at the moment, also given the government's gas led recovery, so I'd expect a couple of companies are running the numbers, unfortunately. I don't think shareholders are likely to get true value from a takeover offer, and especially if someone just lobs in with an offer of scrip and no cash.

This needs to rise quickly to 50 cents in order give potential takeover companies some pause to think, because it's just looking far too juicy where it is at the moment.

Gw

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Totally agree Gwaihir - if a bid comes in then it should bring us up to current broker valuations but no premium...!!! ID will have to be bought out to recommend to the share holders with a position on the new owners board etc but in turn underselling us share holders in the long run...
The sooner we rerate the better and the more chance we have of reaping our rewards having invested in SXY for many many years now..!!

SXY Price at posting: 32.5¢ Sentiment: Buy Disclosure: Held
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Totally agree Gwaihir - if a bid comes in then it should bring...

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To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

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