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2.33% 4.4¢ morella corporation limited

Don’t think Shanshan can buy anymore lest they exceed 20% and...

  1. WayTooLong
    644 Posts.
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    13/01/20
    21:04
    Post #: 42359119
    Don’t think Shanshan can buy anymore lest they exceed 20% and have to launch a full takeover bid...

    I think a lot of people will be disappointed once the announcement gets out, in terms of SP movement. I hardly think this will go to 9-10c a share solely on refinance. A positive movement in the price of spod would IMHO have a much greater effect.

    IMHO I do agree that the share overhang will have something to do with refinance. Maybe debt for equity. Bracing for some dilution..... I don’t expect much of a cut on interest rate either.

    But better to live and fight another day....
    AJM Price at posting: 6.3¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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