Undervalued Offer

Dear fellow shareholders,

The 2.36 bid seriously undervalues the company and in my opinion is a joke to existing shareholders.

The Northern Beaches Hospital is alone valued at more than 1 billion dollars. My basic model based on free cash flow, assuming a discount rate of 3.2% ( long term bond rate) and zero growth gives a current fair value of 2.60 or enterprise value of 6 billion. 

Hospitals are long term investments. I urge fellow holders to reject any proposal and pressure the broad to do the same. 

The trading pattern of this share is suspicious to say the least, beng sold down to 1.80 before the announcement ( to give a false premium).

Please dont give in to corporate raiders.