Amazing how these clowns are so far behind the curve. Just goes to show how ignorant they really are of reality so at best they are reactive and clueless. Last week GS who according to Street Talk are on our side criticised DLS's strategy by saying they didn't agree with it.
Just a bunch of old bullocks how this (banking) industry works.
The price target might as well be $10.00 or $0.10 which would be just as good a guess as any.
Especially considering IMO that the DLS SP has been artificially pushed to these levels 20 - 30% based on current price is not enough. The 20 - 30% premium is a rule of thumb not a rule. The real question is how valuable is DLS to BPT and the answer is not as easy as 20 - 30% premium.
If BPT do mount a move on DLS given the way BPT have been run its board should be replaced by the DLS board. If it does come in the way of a hostile bid then it will only confirm my thoughts on BPT that they have always been disingenuous in their partnership with DLS.
In any event I think that BPT have missed the boat which again displays poor judgement.
Cheers
BW
_______________________________________________ There are known knowns. These are things we know that we know. There are known unknowns. That is to say, there are things that we know we don't know. But there are also unknown unknowns. There are things we don't know we don't know.
DLS Price at posting:
65.5¢ Sentiment: Buy Disclosure: Held
