The valuation offered of $0.24 looks good compared to the BDO report which values the company at $0.22 to $0.25.
The stock fell back to $0.15 last time the takeover looked like it had some risk of not happening, so I think that it could easily go back towards $0.13 to $0.15, where it was previously if it didn't go through.
I think given alo’s recent trading update announcements and the announcements from airbnb that the holidays market in Australia is very weak means that things with ALO are unlikely to get a lot better any time soon. The valuation of $0.24 is already pretty good given that the stock reached $0.26 in december last season when market demand was strong.
I will be accepting the offer today for my shares as I think on balance I think its a good opportunity to get out at a good price that we probably won't see for some time.
ALO Price at posting:
23.5¢ Sentiment: None Disclosure: Held
