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11/04/17
04:37
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Originally posted by Value_Hunter
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one would imagine that the major holders of pxupa, would be in "discussions" with SRS .........
perhaps 545 becomes 600+ ......who knows !
given their holding period, and entry prices, (imho) - the only way they are going to make an "acceptable" return, is for an arranged takeover after the "process" of hybrid conversion..........
there are a bunch of legal issues (best interest etc etc etc) that need to be dealt with also ........
any forced conversion (ie >90% acceptance) implies some forced selling post whatever the date may be ........may keep a cap on the ordinaries for a while ??????
rgds
V_H
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Thats why i recommend a share buy back to support the price. Keeping it at least equal or above NTA of 5.6 cents per share.