What confuses me is street talk and The Australian both say in their headlines " Offered above 5.50" Well if the offer is 5.50 exactly then you can't say it is above 5.50. Either sloppy editing or the offer is slightly above 5.50.I won't vote for it at this price. From 6 dollars I will start to seriously considering voting for it. Management needs to come clean why they are soo keen to sell. They should let us know if they expect profits to drop or etc in the medium term. Also street talk says the bid is at 50 percent premium. Which is not true. Yes if you pick the lowest point (during the last 1 year) then that could be. A more realistic premium is about 25 percent premium compared to the price a few weeks back.
GXL Price at posting:
$4.54 Sentiment: Buy Disclosure: Held