idl takeover price ?

  1. 403 Posts.
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    OK IDL faithfull.

    I have held before it was IDL, have bought and sold and generally made money on the way through, but here is my thoughts.

    It is a prime takeover target, strong cashflow growing year on year, paying a dividend 2.5%, a pe of 7.5, and has access to funding given their previous lending.

    My question is at what level do one of the Chinese state funds take this out at ?

    Your calls are invited: my price is .68c for the first take over offer, increasing to .74c.

    UBS has 15% of the company so almost a blocking share so once they secure this it's fair game.

    This is just my thoughts only, do your own research and I welcome all investors views on this.

 
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