aspen to raise bid from 55c to 65c? smh articl, page-34

I don't much care what happens to takeover share prices, because I think they have some kind of ceiling under them- and that ceiling will be the takeover price- cash is often better than scrip, because the other company's SP too, can go down, leaving one's own company vulnerable. From what I can see, SIP has a minimum "value" of 55c, maybe even more. I reckon traders tend to go for companies that have had some news that has hammered them, and hope for a share rise. SIP might move between 40c and 50c, but for holders just waiting for a final takeover, it won't matter much.

The longer takeovers go, the less interest there is in the share. This has happened, too, with APH, a company I hold, currently under offer by its major shareholder for 35c, but SP is 27.5c. Because the company never puts any news out, it has fallen under the radar.

Interesting days ahead for Sippy.