re: Ann: Recommended cash takeover offer of $...
Now we just wait to see if there are any other competing offers.
37c is reasonable for where the business is at right now, but the business could be worth multiples of this offer price in 2-3 years. I was looking forward watching the growth initiatives play out.
Better to have cash in the hand, I guess.
I wondered why someone was so keen to take the shares that RMIT were happily dishing out, coming into what could have been a poor HY earnings ann. Wonder no more.
RNC Price at posting:
36.5¢ Sentiment: Hold Disclosure: Held
