On the assumption that you get in early and dont waste money trying to think you can run this out I would assume $50plus must be a target. However if it comes back onto trading and the status quo continues than I think the price will trade below $28.00 as the volumes to sell will be high from those wanting out at any cost.
I think from news releases that align is looking to control and resurrect the timbercorp primary infrastructure funds (TPIF) and that they are just hoping that the bond holders in TODHA just give them a lifeline to continue for the next 6 months. They are proposing a $50 million grower non renounceable rights issue. Nothing like that has been proposed for TODHA.
I still think we need the debenture trustee to take control and then give us some guidance. I think you will then see some innovative ideas as well like re capitalisation and a new structure to look at operating this venture. It must also allow others to get out.
Disclaimer: I take no liability for the accuracy of my post. Do your own research prior to making any investment decision.
TIM Price at posting:
4.4¢ Sentiment: Hold Disclosure: Held
