What a rubbish offer! I'll be disappointed if the Board recommend accepting it.
My thoughts with HSO when buying (~1 year ago) were: get paid an 'inflation checking' divvy, whilst waiting for all the Cap Ex improvements to be made. Once they're done and a big chunk of the Northern Beach's debt is repaid, the shareprice should dramatically improve. I am more than happy to wait a few years, for this to play out. Now this is all obviously just my opinion - but I will be annoyed if I don't get to see how it pans out, due to a forced sell in the $2.3's.
I'll be voting 'no' - not that I have much voting power
