@Connex I can’t possibly see how I misunderstood your post. You made two
clear examples where a suitor made a knockout bid of 8 X the prevailing market cap of NEU.
One scenario was where the share price had been allowed to rise to a decent MC under normal market conditions and fluctuations prior to a 8 x MC knockout bid.
The other scenario was where the share price was suppressed and manipulated down to a low price prior to a 8 x MC knockout bid.
What am I missing? Because regardless of scenario, acquirers never pay 8 x a prevailing MC. It’s fantasy.
P.S. Regarding the recent resurgence of
@LittleT (who I personally have found his/her posts to be insightful and valuable over the journey). can I humbly suggest that people not treat anonymous posters on the interweb like messiahs (apart from
@hottod hahaha).
I’m not sure what’s going on, but previously Littlet was uber-positive on timelines, valuations, TO scenarios, and company expectations for a long period. They disappeared from Hotcopper for a few months but have re-emerged with a distinct change in demeanour and narrative, which includes lower fair valuations and using negative phrases such as putting lipstick on a pig.
Do your own extensive research and due diligence people. Take in all opinions (uber-positive, balanced and negative) and run your own race. I’m still very positive on NEU, I’m long on the stock, and I’m still regularly buying at these low valuation prices.
GLTAH
(20min delay)