Thought we might post our "expected Cape offer" for closest to the pin challenge.
My guess is an offer of 55M (29M Net to VDM)
Detail below and I've deducted 3M for VDM mgt and board previously being underwhelming and guess the couterparty will come out with the better deal. Mav
Details 26M - Debt 26M - Book value 3M - Premium (company X made the approach) 3M - for the 100M order book & going concern (-3M) - VDM mgt typically underwhelm 55M Offer - Total 29M Net to VDM
VMG Price at posting:
4.7¢ Sentiment: None Disclosure: Held