been following since about 2007 ,even before gfc , I have sold some at tidy profit after takeover announcement, but unfortunately rest of holdings will realise slight loss , BUT BOTTOM LINE IS - IMPRESSED with exposure to mining cycle, I have looked at GRANT THORNTON valuation from about nov 2016 - say 4 months ago, & have concluded that hitachi are lying (ie final offer 3-25), why would you spend millions in offer for 50%? - aussies cannot understand the mindset. - my personal valuation is $3-90 to $5-09 within the next 2-3 years if the offer fails, i will buy again if $2-40. (based on $120,000,00 EBITDA sustainable ie 110 to 130)
I suggest looking at the 26-10-2016 targets statment from GRANT THORNTON - valuer,
on the downside - if offer fails could see a temporary reversal.
It really depends on how deep your pockets are , & are you willing to lose some to make more ?
in your situation though , if it is the only thing you have - sell to protect your capital, otherwise hold
BKN Price at posting:
$3.25 Sentiment: Hold Disclosure: Held
