I like this bit
IVOR RIES, RESEARCH DIRECTOR, EL and C BAILLIEU: I think the market has failed to grasp the fact that global gas prices have quadrupled in the last four years and this company is extremely gas rich, the share price is just taking a long time to catch up with the new global reality.
ALAN KOHLER: So do you think that $14.70 will get it or will Origin Energy's board reject or accept that price?
IVOR RIES: I think the Origin Energy board will ask for a least a dollar above this bid price and they will be entirely justified in doing it, and if BG is able to get Origin at $15.50 in five years time it will look like a fantastic deal.
I wouldn't be bothered if the takeover get's canned. The gas isn't going to go away, and it's not going to get cheaper either.
rudd may can this deal, page-2
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$10.86 |
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-0.090(0.82%) |
Mkt cap ! $18.70B | |||
| Open | High | Low | Value | Volume |
| $10.94 | $11.06 | $10.86 | $35.83M | 3.279M |
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| No. | Vol. | Price($) |
|---|---|---|
| 7 | 112720 | $10.86 |
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| Price($) | Vol. | No. |
|---|---|---|
| $10.88 | 176 | 1 |
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