Is it a leg up I would prefer OVH to pay everyone else less and me the 1.2375 per DVA. That way I get more of the pie. Its a conundrum - one that is really a great debate. Is a higher cash price in the interests of shareholders if you cannot replace the opportunity. It has made me very nervous as a shareholder here as I keep thinking that a cheeky offer of say 90c wins the day. I think the risks shareholders have taken over the past three years is totally different to what it is today - I think 90c is cheap at the price. I would personally vote for the OVH deal even if offered 90c and I dont know at which point I change but it would be north of that even with tax roll over if the offered EQT shares.
I think that if I was an executive the OVH deal is by far the best for them - I cannot see any real synergy at the the top but certainly the engine room ...
I want to ride this into the next wave - that of positive cash flow and then dividends fully franked I hope but really dont want EQT shares... When the announcement first came out I thought that OVH may be 12 months behind on cash flow positive position vs DVA but after their latest 4c I think its really a line ball on a consolidated basis.
I like what you are investing in we seem to meet or more recently we are meeting in other threads. Have you looked at AVX? the recent presentation is interesting...
DVA Price at posting:
82.0¢ Sentiment: None Disclosure: Held
