AVZ 0.00% 78.0¢ avz minerals limited

I'll share a story with you. I once held Bow Energy (when CSG...

  1. 2,257 Posts.
    lightbulb Created with Sketch. 409
    I'll share a story with you. I once held Bow Energy (when CSG was running hot). It was bought out by Arrow Energy for $1.52. In the weeks before the TO offer, the share price drifted from just over $1.10 to about 87-88c. Lots of expectations about material announcements that never eventuated and disgruntled shareholders bailed out. Then bang, the company went into a TH, followed a few days later with an announcement of a TO offer for about $1.35 which was later increased to $1.52. What's my point? Not for a moment am I saying there will be a takeover offer, but with imminent news I harp back to my Bow Energy experience. Those investors who bailed suggesting that the lack of announcements meant bad news missed out on a TO premium of around 80%. Not advice for what you should and shouldn't do but just sharing a story of a stock I held in a similar position re updating the market & growing investor dissatisfaction at the lack of news flow. Cheers
  2. This thread is closed.

    You may not reply to this discussion at this time.

 
watchlist Created with Sketch. Add AVZ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.