I'd like to see upward of 4c given the shares have been trading at a discount. Before the offer the chart indicated it could reach 2 figures. My broker has never liked dls even sent out a chart to his clients a few weeks back with the recommendation it could be set for a run!
The shares pledged to BPT are only a platform for BPT to launch a bid. It does not mean that those who pledged the shares to BPT are happy with 27:1, but it gets the show on the road. Now the market and any other interested parties will determine the final offer. It could be 20:1, 18:1 or even 15:1 or better, we'll have to wait and see.
FWIW Simpson, Dixon, Scanlen are not mates in any combination or order.
DLS Price at posting:
3.0¢ Sentiment: None Disclosure: Held