It looks like we're now in the time-on period of the last...

It looks like we're now in the time-on period of the last quarter. A few general thoughts

First, I am puzzled that during this takeover, SDL/Hanlong have been allowed to get away with this selective leaking through the AFR. Retail shareholders have been screwed by this process, and the excessive speculation on HotCopper reflects that.

Secondly, given that all the main hurdles have been met, it is puzzling that there is still a 20% discount only a few weeks from Feb 1, despite the AFR article today. Arbitrageurs don't seem to be working on this takeover. Unless there's another agenda.

Thirdly, one of the main issues has been the expectations generated by this stock. As a few have noted, most of us a couple of years ago would have expected at least 60 cents, probably more. Those expectations were fueled in part by the management and in this sense they've let us down.

For what it's worth, I've invested a lot over the years ever since buying my first BHP shares for $4.38 in 1974. I've also taught and reserached a lot of takeovers both here and in the US. This one rates the worst in terms of its fairness to the long-term shareholder. And that's why I voted no.

Best wishes to all, particularly to Westcott for the informative posts.