STX 2.27% 21.5¢ strike energy limited

Ann: Takeover Offer for Warrego, page-107

  1. 2,265 Posts.
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    Thanks mir, appreciated. I agree with the sum of parts value and strategic initiative. I just wonder whether the price was too high in terms of the upside STX shareholder have in all the other land and Haber and Geo is now going to be diluted by 30%. There will be some uptick, for sure, but will it be enough to offset that potential dilution? Hard to say, but if successful I expect a lower per share price in two years than I did before.
 
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