DLS 0.00% 69.0¢ drillsearch energy limited

Ann: Change in substantial holding from SVW, page-12

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  1. 670 Posts.
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    I personally don't think Seven are going to make a move to buy DLS. By buying how they have been they have just pushed the price up higher and higher to a point where any takeover offer will be relatively high to where the market valuation was a month ago.

    If they wanted a takeover of DLS I think they would've had a better chance offering say $1 or a bit more per share a while ago when the share price trading at 70c.

    At that time and amongst the doom and gloom in oil stocks, many shareholders would've been happy with a 50% premium and taken up the offer.
 
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Currently unlisted public company.

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