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RICEGROWERS LIMITED (ASX:SGL) - agl to offer sgl 40c per share, page-5 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
SGL ricegrowers limited

agl to offer sgl 40c per share, page-5

Currently unlisted. Proposed listing date: MONDAY, 8 APRIL 2019 11:00AM ##
  1. Ya
    5,477 Posts.
    lightbulb Created with Sketch. 1040
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    24/12/08
    08:51
    Post #: 4635457
    Hi BB

    I think 40c is too cheap, I was expecting around 55c which was the 52 week high SGL had.

    Mind u, they've come with their fair share of problems & the SP hasn't quite taken off either, thats what makes them sitting ducks & a t/o target for any bigger player.

    With AGL closing the deal with Molopo ($360m) & now biting at SGL's acreage ($160m), I think there strategy is to b the single largest player in the CSG/CSM sector in NSW & control it agressively, which work out well for their shareholders who would get more value.

    Next target should b ESG, anyone keen to bid, come on show of hands please.

    Have a good chrissie folks.

    cheers
    SGL Price at posting: 27.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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