nfe good buy , page-7

Agree with you about conspiracy theories, and yet, I have, in my time, seen a share price plummet, and then a capital raising follow- on the other hand, I have seen a pump, and a capital raising follows. Sometimes, it is like there is a broker in the background, with a raising price in mind, and they need the share price to get near those levels, and then the shares go into a halt.

What is interesting is that Aditya Birla/Essel had said, during their takeover musings, that NFE must have no more debt than $90m to be taken over. NFE now have $102m debt- not too much more- but almost devoid of equity, given the share price. So, Aditya Birla must have been quite comfy with taking on $90m debt. So, they were willing to pay $518m equity + $90m debt = $610m all up.

Not much has changed- a downgrade, some hard times, $12m more debt, but still! I do think it would be hard for NFE to accept any takeover, if it came, at anywhere near these levels, given they rejected Essel's first takeover bid of $1.23 one year ago *wince*. Money will be made somewhere here. I hope it's you guys that make it.