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69.0¢ drillsearch energy limited

Ann: Change in substantial holding from SVW, page-15

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anglo-norman

488 Posts.

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22/05/15

16:59

Post #: 15334554
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Originally posted by Wacky ↑

I'm beginning to think it is going to be some kind of merger, probably scrip for scrip between bpt and dls, the way the share prices are floating around the same level. I don't think this is by chance, usually the share price goes up when you have a large shareholder about to mount an acquisition. They are both pretty tightly held shareholder bases and the same shareholders on both registries, so they will just have to get the major shareholders in agreement to get it over the line INMO.

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I am not sure it would be a scrip one for one, because :
1) BPT would be the buyer, and as so, it must offer a premium to DLS holders, maybe one for one plus cash
2) DLS is a pure player with orderly activities, BPT has still housework to do, especially among its international activities

A-N

DLS Price at posting: $1.12 Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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