BCI IOH

As much as I hate this deal, it is done. IOH shareholders took...

  1. RiverSheep
    252 Posts.
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    22/09/14
    12:15
    Post #: 14009261
    As much as I hate this deal, it is done. IOH shareholders took 1/3 of BCI producing assets, future earnings, dividend plus $16m cash, and we poor BCI shareholders in return gets 2/3 of IOH non producing asset in a free falling iron ore environment. I am sure if the deal is announced today, the takeover price would be under 70c per share
    IOH Price at posting: 92.5¢ Sentiment: None Disclosure: Unspecified
    BCI Price at posting: $1.88 Sentiment: None Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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