I thought about buying today but decided not to.
Im punting that there will not be another bidder. As a result i dont think i can make enough $ on the DART shares.
my thinking was:
If I bought 3000 aoe shares I need to outlay 15k.
After the deal happens in 3-4 months time you get 14.1k back (3000 x $4.70) and 3000 DART shares. If the DART shares only go up 30c I only make $900 bucks. Not enough of a gain in my opinion especially having to outlay 15k for several months.
Better options elsewhere I reckon
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- still not a bad punt
still not a bad punt, page-6
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