Interestingly Elders just raised about $100 million, if they managed to finance the remainder with debt, perhaps make an offer for .50 which would send it straight to .60 plus...
Furthermore, Morgans and Bell Potter underwrote it....who value WLD at .61
https://my1.morgans.com.au/r.cfm/899FFC89-1D65-4F5E-8FD0-04F2584E1C93
Elders recently stated: "The strong performance has enabled Elders to honour its commitment to simplify its capital structure in preparation for intended recommencement of ordinary dividends in connection with the 2017 financial year whilst enabling pursuit of growth opportunities”.
http://imagesignal.commsec.com.au/d...nZXNpZ25hbC9lcnJvcnBhZ2VzL3BkZmRlbGF5ZWQuanNw
Not sure how much they will allocate to dividends., historically they had a massive payout ratio.
What though if Elders made an offer? Or the Chinese as mentioned above....
It could run to .70 on the hype...?!?!
(20min delay)