Whilst the take over offer gives me a small profit while averaging down over the past 6 months, I have an inclination that $1.05 might not be good enough.
The chance of a competing bid is high in my opinion as Coles, Kogan etc would not want to compete with Woolworths in this online sales space. MYD is a growing developing company who's figures have been improving in the last 12 months. The Experts Valuation Report that is to come might also show that the bid is undervalued, so to those shareholders that bought at a higher price, I think there is another 10-20 cents extra to be added for a successful takeover. Lets see how it pans out.
MYD Price at posting:
$1.01 Sentiment: Hold Disclosure: Held
