This is now getting stupid. takeovers are not done at twice the...

This is now getting stupid. 

takeovers are not done at twice the price. I think think that 30% maybe closer. And the seller still wins so the company iprobably worth less than this implies  

I keep reading so much rubbish.  Do the analysis. Look at what the max value has been for the sum of the parts, the minimum values, the actual values realised, the midpoint and what lakes sense and then take into account a share buy back or capital return. For example, it looks like the optimistic Morgan Stanley valuations need to be reduced by 40%.

i keep banging on about it but it looks like the market got it right when they revalued AMP at $3. It will vary around this but it is the core value - plus or minus goodand bad news or decisionsand good luck/markets. Grow up!

If Macquarie bank buy this I will runaround Martin place naked.