I consider that at 27 cents FMS is still a good buy.
In 3 - 4 months shareholders will get at least 30 cents. No commission on sale if the takeover goes through. That is 11 percent for 4 months. Do this 3 times a year and you are making 33 percent per annum. Not many good value derisked investments in this market like it at the moment.
Add to this the potential updside of a counter offer or two - makes FMS still a buy in my book. We shareholders know it is worth more and so do FMG and RIO.
I consider that anyone with the cash should be snapping FMS up at the moment.
DYOR
why only 27 cents close on friday???, page-16
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| No. | Vol. | Price($) |
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