ITC impress energy limited

Learned people,why would vpe be so worried about another company...

  1. 853 Posts.
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    Learned people,

    why would vpe be so worried about another company taking out itc.. if they didnt want to take them out themselves..

    after all, a t/o of itc from another company would surely be at a premium even to current sp and value vpe's controlling 60% stake much higher in any case. vpe aren't getting much credit for theor cooper stuff yet... prev valuation was largely on their csg.. hence why their sp pulled back with the other csg players, prior to the oil price coming off lately.

    sure.. maintaining status quo would be better. but from what we know, vpe and itc havent always seen eye to eye in any case.

    so why a blocking stake? perhaps a stake.. to cash in on a t/o.. but i still think.. the much more likely situation is vpe will announce a t/o of itc.. within the next few months.. that's my bet anyway..

    A

 
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