Ann: Aconex Board Recommends Acquisition Proposal by Oracle, page-151

First 151 Last

Share
Profile

Follow
south9204

496 Posts.

4

24/12/17

09:53

Post #: 29857958
Share

Originally posted by jhunt ↑

@$$$$$$$$ The only reason people are bailing now, is that the difference between the Oracle bid ($7.80) and the current sp ($7.71) is about 1%. So, if you sell now, you lose 1%, but if you wait till May, you lose 5 months of having your capital plus profit to reinvest. So, do you think you are smart enough to make more than 1% on your money in a 5 month window? Not really a question, is it?

There would be 2 other reasons for holding:

1. You think a counter bid will eventuate, or the sale will be blocked. The former case is immediately positive, but the latter case would see the sp fall back into the $5s in the short term (however , if you are very long, you could probably handle this).
2. You hold a lot of shares, and the commission on selling your shares now will add more cost to the transaction if carried out now, in bulk. Of course in that case, you could always just sell to the maximum allowable for a fixed fee commission, then do it again on subsequent days.

As for the performance of ACX, in my view it has been stellar. Just too many people around who totally misunderstood the business and the market opportunity.

Merry Xmas all, and a very happy and prosperous 2018.

Expand

I am waiting for counter bid or top up more than $7.80, vote it down for sure!
As finish at $7.71, 9 cents less $7.80, it looks like some institution smells more that $7.80

Merry Xmas and $7.81+ for happy new year to ALL!

Last edited by south9204: 24/12/17

ACX Price at posting: $7.71 Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

EDE

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

AN1

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

HotCopper Highlights: Your most watched stocks for Week 46, 2024

ME1

Banshee's historic trenches prove rich in antimony and gold for GDM

LYN

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

AUN

Cyclone signs MOU with Vale for development of Iron Bear play

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 13 more messages in this thread...

First 151 Last

Add ACX (ASX) to my watchlist

Ann: Aconex Board Recommends Acquisition Proposal by Oracle, page-151

Top Stories

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

HotCopper Highlights: Your most watched stocks for Week 46, 2024

Banshee's historic trenches prove rich in antimony and gold for GDM

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Cyclone signs MOU with Vale for development of Iron Bear play

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels