re: Ann: MDA and accounts for the period ende...
You are mistaken JW, because you listen to the board of DIO and do not think of what is good for you as an individual. Consider this. AVO an DIO were undervalued before the takeover bid. After the bid DIO rose 89%. AVO stayed the same price. Assuming that both companies were equally underpriced, DIO holders just approached fairer pricing. AVO will have to rise a similar price to to achieve the same rise parity rise. If DIO holders sell and AVO rises a similar price then the DIO make 89% rise on DIO and a further 89% rise on the AVO price rise. Whereas AVO holders only get 89% rise on their shares. If the bid fails DIO will return to its former price.
All the above assumes that the market has applied the same pricing rules to the assets of both companies. So, it is clear to me that as a AVO holder I gain little from this deal and am still waiting for my 89% price rise. You had it handed to you on a plate and said no. Maybe I will buy into DIO when it is back at 20c if it is such a good deal.
DIO Price at posting:
68.0¢ Sentiment: Buy Disclosure: Held
