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fully agree and that what upsets me that STX holders gloat about...

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LePok

210 Posts.

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08/12/22

12:20

Post #: 65218074
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Originally posted by invertedva: ↑

Exactly Mike.
I'm pretty sure those commenting on both threads, own both companies.
Both STX and WGO have benefited enormously from the entry of Gina.
I can see why Strike have increased their stake to 19.9% for strategic/control reasons, but I would've been quite happy (from an STX perspective) for Beach and Gina to continue to battle it out for WGO.
And although I think WGO management are a bunch of muppets, I only hope small WGO shareholders get the best outcome possible, here.

Having said that, we need to be realistic about when the music might stop playing for both companies (in terms of takeover offers/speculation) when making our decisions about when to sell, either on-market or into any formal offers on the table.

I think the music is close to stopping for WGO (maybe Gina will raise her bid slightly, looking at the current trading pattern), and while I think the focus has now switched to Strike in terms of a takeover talk, I am not betting on that happening any time soon (unless a third party enters the fray). It's quite clear Strike want to go it alone, if possible.

It is very possible we see WGO continue trading on the ASX (with Strike and Gina owning large stakes), that no takeover bid for STX eventuates, and that Strike continues on its merry way trying to implement its long-term business plan.

Just my opinion.

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fully agree and that what upsets me that STX holders gloat about the STX offer which may not come to play for small holders and they are left biting dust between STX and GR and the duds running the companys

WGO Price at posting: 31.0¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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