Ahhh, such music to my ears, to think I used to understand such things a little, a long, long time ago - Sigh...:)
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"Imagine OCA expensive @ $1.00 for the Swedes after only offering $6 for MET ............ what are peoples thoughts on any T/O price ?"
they would want to swallow more in new zealand? is MET not enough?
takes a lot of work to take over an operation and then retake risk on another purchase from the far side of the moon... i mean earth... northern lights flickering in a dim dark winter...
swedish winters are dominated by the saying you wont see many people out and about. Brains slow down in winter and in the summer the sweds are out in the sun.
Right now i think they are busy in the sun and trying to stay alive. One viking raid into the south pacific is about as far as a long boat can sail at a time.
Paying 16% less than NTA for MET so not good news if they were to approach OCA. Saying that, MET directors let it go at that price which is the most disappointing.
yep met has set a benchmark.
OCA at a 95c NTA less 16% ( being the met pricing) means OCA should be a takeover offer at 80c .
but we all know takeovers come when prices are low generally so OCA will probably only attract a takeover when it trades in the 60c - 70c range by my thinking.
By my calc anything over a dollar was very expensive
well there still plenty of support at 95 and 70 cents is based on what profit modelling? and dividend. next support level is 90. 3.5% is the new 5% and if rates go negative next year that just reaffirms the return cents per share.
By next summer if vaccines arrive i dont see 60-70 cents with a 3.5 Percent payout.
i dont think the board will roll over like MET did.
MR B will be like to dog to bone and maul the board...
70c is the extreme case, just like you said. According to my system, it may test 0.88c recently, where shows strong supports.