Just a quick comment - a big difference between a non-binding indicative offer and a 'takeover'
Thats true, not quite a polished offer yet.
Originally Posted by 850man
Will that price meet with sufficient shareholders approval to be carried through? Many are in it for more than $1.70 a share.
They would have to offer more than $1.50 for sure given the share price is sitting at $1.45 and only just 4 months ago was trading higher. Very much taking advantage of the doom and gloom situation The Warehouse is in at the moment. I think enough shareholders will accept $1.70 to get pass the 75% majority, but some will have wanted $2 to be fairly compensated.
Interesting situation. There seems an opportunity to make some money here. However, if a bid does not materialize, you will left holding shares in company that has many shops with a 'tired' vibe and in need of rejuvenation.
Interesting situation. There seems an opportunity to make some money here. However, if a bid does not materialize, you will left holding shares in company that has many shops with a 'tired' vibe and in need of rejuvenation.
It’s a very fair point…this one is interesting…most longer term holders would need to clear more than 1.70 wouldn’t they? As in alot would still be under water at that mark?
It’s a very fair point…this one is interesting…most longer term holders would need to clear more than 1.70 wouldn’t they? As in alot would still be under water at that mark?
Same is true for shorter term holders. It was hovering at $1.70 in December, only started sliding from January this year.
Dean is going to be busy - full time CEO at Ryman and then a bit of workload on the sub-committee at WHS. Although as many mention here quite quickly, it might be found to be underwhelming......
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