ERD onwards and upwards. Now $1.38. The announcement news is spreading!
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ERD onwards and upwards. Now $1.38. The announcement news is spreading!
Why though? Unless another bidder appears this could all simply disappear in smoke? Am a holder but might sell and sit on the sidelines? Any thoughts guys?
I reckon all but certain a higher offer comes out. Maybe $1.50-$1.80 range. Unless you have a better place for the funds i would hold. just my opinion (i sold at $1.25 straight after the first announcement)
Yes, I sold 1/3 of my holding at $1.23 straight after offer came out
Based on what ERD have sort of said what they reckon their company is worth I’d say they would even have to reject an offer in range $1.80/$2.00
Think the bid wil get that high?
Whatever the value of ERD to an acquiror is anchored around $1.30 plus a bit more …in the Boards eyes I feel any decent bid from here will ‘materially’ undervalue the company.
Be interesting if no takeover if they can execute on their strategy to make ERD great with well rewarded shareholders
Partially takeover....Brillian has bought almost 18.5% of the total share
So no way they are going to walk away with the takeover
If no takeover they need a cap raise based on cash burn and balance sheet
Brillian have 18.5% at an average (my guess) of 80cps or less. Very good money if they exit even now in the $1.30s having boosted the price themselves!
But I agree it's worth more and virtually impossible now for the price to fall significantly. The market lost faith in this share when it exited the NZX 50 index, but that was a mistaken view even though it's hard to establish the intrinsic value at this point.
Like some others above, I sold 50% at $1.30 to sleep soundly but happy to retain the rest for things to play out. And a good pick for my 2023 Sharetrader forum competition!