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15,757 Posts.

09/02/16

11:20

Post #: 16974304
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Originally posted by 68huey ↑

Ferrovial just released a statement regarding BRS and DIBP contract not being signed for 5 yrs and now they have to compete with another tenderer, they say it materially breaches one of the takeover offer clauses so they've extended the offer until early march whilst they (ferrovial) consider their position.

I suspect Ferrovial is playing an end game here in the hope to either push down the offer price or get more shareholders to accept the offer price in their favour, i intend to accept neither myself its still considered low ball office imho.

Seriously unless they come back with a serious offer over $2 to just go away and let BRS go about their business of improving their bottom line and return to dividend with much improved bottom line and debt balance.

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I'll take a $1.65.

BRS Price at posting: $1.13 Sentiment: Buy Disclosure: Held
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