Willing buyer, willing seller so let's see how the vote goes.
As for the NZX, best not to consider it as other than a plucked goose with no golden eggs left to lay after Weldon and gang buggered the goose to feather their own nests!
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that meeting is 'kin ages away.
hoping to hunt out superior offers.
6.80 not tempting for those who want 7.25
TVM though
Time value of money not as important as it once was, (with interest rates where they are).
There are a few steps to go through yet:
1. Independent report (which will inevitably show a valuation range which includes $7 as almost mid-point).
2. EGM to approve the deal.
3. Regulatory approvals.
4. Possibility of another bid or 10% holding out for a higher valuation from an independent valuation.
Meanwhile, funds have plenty of $$$$ and will be happy to pick up the 20c to 25c (2.9% to 3.7%) return for holding the stock for 3 to 5 months. Better than the bank.
I was meaning more opportunity cost with the market so hot , but also I was thinking its an opportunity to reduce exposure to the sector - some of us must have a very large percentage tied up in retirement stocks.
There isn't much liquidity at these higher levels either so maybe the decision is more easily made
What about buying more? Turning 6.80 into 7.00 hmm not really worth it … but still a good annual return.