Share
201 Posts.
lightbulb Created with Sketch. 27
clock Created with Sketch.
23/09/23
10:24
Share
Originally posted by colgm:
↑
yes a marginal improvement to offer. SYM has reasonable metrics with profit divs & growth. SLC will be carrying debt, and has a way to go on a pathway to our position. an improved offer but parking Board in a corner making the revised offer final. (It is a take it or leave it moment) SLC due diligence clearly shows they see very good accretive earnings. Suggest the accretive return would be way above 10% or they would not bother to adjust their offer. Just saying …. Personally don’t see an escalation in the SLC share price with a new combined entity so owning say 50% of SLC shares on circa 1:2 basis is as interesting to me as a ticket on the Ghan in wet season. hope the Board do serious homework on SLC’s path to potential sustained profitability. Otherwise we gift them a superior business to add to an underperforming one. A I M O
Expand
They never adjusted their offer. Its still tied at 2.14 ratio. The only reason its more is because SLC share price has gone up since offer.