part of china deal details, page-13

I don't dismiss the idea at all.
In fact I think it is very credible given Nexbis will be taking 200m out of the 1bill 5 years contract from Saddington.

Saddington is probably waiting to receive further cash from the Gas tank deal before arranging for finance to takeover Nexbis.

I wonder what sort of price we could get.
I won't be happy with anything less than 2 dollars. Fair value for future growth would be something in the order of 30 times earnings. I just wonder whether that will be 2009 or 2010 earnings. So anything from 1.5billion - 3.0 billion would be just fine for me.

Probably wishful thinking though.


What makes you think they are going to make a bid to takeover Nexbis?

Why aren't they buying on the market?