NUF 5.18% $4.67 nufarm limited

strong mkt and mergers increasea help nufarm, page-7

  1. DSD
    15,757 Posts.
    Sure. My thinking (along with others) is this. Shinochem want to buy NUF. They want to pay as little as possible. They know Rathebone persuaded institutions in May09 to buy-in at $11.25 (or was it $11.50?) They know that institutions won't accept less than that and hopefully not below $12.25.
    Anyway, last 2.5 months we have seen 3 profit downgrades from NUF. Clearly the result due out on 28 september will be awful. So it suits the bidder to wait for mkt to digest the lousy news/facts... and then announce they will save shareholders from their pain by buying NUF for cash. Hence, my 'best-guess' is 30 september. Certainly, i can't see a bid B4 28/09. So based on the above i am holding until TO is announced. def DYOR.
    PS. ask yrself this. Shinochem have now spent 6 weeks at NUF going through EVERYTHING. If they had lost interest... why are they still checking and re-checking every damn item??
 
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Last
$4.67
Change
0.230(5.18%)
Mkt cap ! $1.785B
Open High Low Value Volume
$4.49 $4.68 $4.49 $5.962M 1.296M

Buyers (Bids)

No. Vol. Price($)
1 998 $4.66
 

Sellers (Offers)

Price($) Vol. No.
$4.68 1173 2
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Last trade - 16.10pm 29/07/2024 (20 minute delay) ?
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