I have been involved in too many takeovers now to have any faith...

I have been involved in too many takeovers now to have any faith in the process. UGL GHC in particular were shares rising in their fortunes with vultures swooping in and taking them out. The problem is the short sightedness of institional investors looking at making a quick buck for their end of year bonus. Any stock mispriced by the market is getting taken over by overseas interests who arent so shortsighted as our market. It is true that Awe have performed very poorly due to oil crash and bad luck. With watsia there luck has turned with significant bluesky not at all factored into price. Anyway awe and sto are both likely to go IMO.