I hope like hell that this is only a remote possibility.......... but if the sp continues to decline and unfortunately it will or malinger at best without any significant announcements we become progressively more vulnerable to a takeover. Typically a 30% to 35% premium is paid to shareholders on a takeover. On current price levels that gives us 3.3 cents a share at best for our investment.
An alternative view albeit extreme is for 10 cents a share. Yes I know this is absurd at a 400% premium but it does sound good and int does have contracts, oh I am sorry BLUE SKY contracts.
Contracts are legally binding and have disclosure obligations, oh I nearly forgot... they must be dated also. Under the ASX Listing Rules they must be announced to the market in a timely manner....... and most of us already know this anyway.
No BS, no turbulence, just cold hard facts.
- Forums
- ASX - By Stock
- takeover vulnerability
I hope like hell that this is only a remote...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DMC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online