The price (SGH) SEVEN GROUP (70% owner) paid during the offer period was $7.40 per share, out of that all current holders got back a capital return of $2.65, that does not include that $0.07 special Div.
If and when Boral do clean up the balance of the register, based on above offer of $7.40 the offer would need to be above $4.75. What gives me more confidence is that Macquarie Group Limited own 7.34% of the register and look to be holding tight, the balance is owned by us a measly odd 23%.
So we have a suppressed share price which I think at mid 3's offers a pretty compelling buying opportunity for what may eventuate, also at this price there does not seem to be any premium added for such a scenario.
If and when it does happen you'll want or wish you owned some stock, its a Buy in the mid 3s.
This is all my own thoughts and not any way financial advise.
Good luck to all remaining holders.
BLD Price at posting:
$3.44 Sentiment: Buy Disclosure: Held
