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69.0¢ drillsearch energy limited

Once the merger is unconditional, the discount in DLS will...

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g12m0

1,632 Posts.

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26/10/15

10:42

Post #: 16251959
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Originally posted by speculator101 ↑

I am a little puzzled by the difference in prices.
Most would agree that DLS was the more undervalued company, yet now that the T/O has been set in place, not once has DLS versus BPTs ratio even got to what the 1.25 shares offer actually provides.

Right now, with BPT trading at $0.685, DLS shares should be trading at $0.855. Yet here we sit, a full $0.04 cents below that. Is it money for Jam to sell BPT and buy DLS? Make approx 5% without doing a thing if you want to hold part of the merged entity?

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Once the merger is unconditional, the discount in DLS will disappear.

DLS Price at posting: 81.0¢ Sentiment: Sell Disclosure: Held
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0 Great analysis

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