I feel we could get to the equivalent of 40c + in the near future if the deal is done well. Based on talk of .55 per stx share and STX at 60c is 33c. Would I prefer .6 or .65 absolutely. TMK share chart is interesting and if it can break 1.6c then 2c isn't far away and MC of $100m with a look through of $50m so 5-7c starts to look good. Would I take 40c with 50% GCT discount? Yes.
TPD Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held