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How are you voting to the takeover?, page-23

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626 Posts.

67

30/07/18

18:39

Post #: 34631040
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Originally posted by Teddyward ↑

Has been done previously in other shares as a blocking mechanism where you add new holdings of minimun number of shares in super, husband, wife ,kids and quickly adds up in regards of 50% min holders in a vote.

Problem is since EV has em by the nuts who else would want to bid ? Just don't know what exact details are in contract between EV and SFI. Then EV might just wear em down and go again later. Yes it may stop this effort to takeover / scheme but unless time helps bring real numbers forward ( they can't hide em forever) or another bidder to justify a better price down the track no better result happens.

At 150 mill odd NEA should just buy it and through extra margin and being best provider it gets that back over a short period of time or at the very least forces EV to bid more and ultimately marginally changes cost dynamic for acquisition by EV.

Every NEA holder should buy a parcel and reject the offer as a low price does not do NEA holders any favours.

Buy small parcel at 7.6c , hold for couple of months and either get taken over at 8c if not enough holders vote against or worst case it fails and you are holding a small parcel at 5cents and a small loss.

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The only person that can help is Rod Jones, but I bet they have him covered

SFI Price at posting: 7.5¢ Sentiment: None Disclosure: Held
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