Todays price is what people are willing to pay for it, based on their best guess.
Only once the details of the deal are released will we know if todays' price was worth it or not.
If today's price was 0.1c it would be a definite buy, if it was 10c it would be a definite sell. But what the fair value is will be unclear until we know:
- what gridComm's financial position and future prospects are; and
- how much share of gridComm a share in ODN will give you (ie consolidation ratio)
at the moment its all guesswork, a gamble really. Best info is as usc says, look at the other RTO done by A Bajada and co.
And yes, if you are interested in gridComm as long term investment, maybe pick up a little of ODN now - but save the vast bulk of your cash for when you can actually buy gridComm, after they are listed. ODN isn't gridComm, its a bet on Alex Bajada.
- Forums
- ASX - By Stock
- ODN
- The Crunch Is On...???
The Crunch Is On...???, page-21
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)