NCI national can industries limited
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what does benamon's ppg purchase mean for nci

  1. bottomfeeder1
    1,628 Posts.
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    11/07/11
    09:25
    Post #: 8655911
    last week benamon announced a proposed increase in shareholding of PPG (also a packaging business) Benamon is a VIP packaging business which also has a stake in NCI 12.6%

    What does this mean for NCI? are they going to continue in the duldrums.

    Benamon's acquisition of PPG values NCI at $91.2m excluding the $32m in cash NCI has in the bank. So effectively NCI is trading at 83% below its value.

    Can anyone tell me what the board have been saying in the last few years on what their strategy is to increase shareholders wealth? At this rate they are going to have a massive cash position with no where to go ie acquisitions!
    NCI Price at posting: $1.00 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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