WCL 0.00% 39.5¢ westside corporation limited

Ann: Withdrawal of initial T/O and announces new , page-7

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  1. 4,458 Posts.
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    re: Ann: Withdrawal of initial T/O and announ... now that the market knows that they are genuine, the price will/should trade at 40 or better on monday in anticipation of a counter offer from another party.

    it traded at a discount previously because, a, LB did not own any shares, and b, the market was wary after the Petrochina debacle. This time is different. We have a hostile bidder there with 19.99% now and we have Mitsui and Santos sitting in the background. The market WILL start to price in another bid or a higher bid from LB.
 
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