Agree the share price is not where it should be. (as in should be lower if no further bid)
Assuming the offer price of $5.55, current share price plus franking credits from 21c dividend, (worth about 6c), and settlement as suggested in 2019 Q2, then it's only about 8% annualized return.
Reasoning - I'm thinking either the shorts are buying back driving prices up, or the market thinks we might get counter bid.
Thoughts?
Agree the share price is not where it should be. (as in should...
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