To Cevans: Yes - good question. It is definitely not 100% guaranteed as there are still a few hurdles to cross plus you may get scaled back a bit if the number of sub 5000 holders grows beyond the $225M cap total that will be paid out under the $8.50 scheme. Looks like a pretty low risk punt however. At today's $7.29 will be 16.5% gain by year end (which may not excite many punters but will make me pretty happy). I am all in across my accounts so hope there are no snags along the way. Iron Mountain may in fact also be quite a good long term holding as it is a nice blend of a REIT and a storage service provider. PE looks a bit steep at the moment but may look at becoming a long term holder at the right price.
"In addition, Recall shareholders will be offered the option to elect to
receive alternative consideration of A$8.50 per Recall share in cash, subject
to a proration mechanism that will cap the total amount of cash consideration
to be paid to Recall shareholders at A$225 million" (Bloomberg)
REC Price at posting:
$7.28 Sentiment: Hold Disclosure: Held
