All hinges on Arrow and what they decide.
They mentioned in their 23 Feb ann that arond 10% of PES has been accummulated on market at an average of around 8.34.
Makes you wonder whether Arrow is going to allign themselves with 'the on-market acquirer/s' and negotiate a higher price.
I phoned Arrow to see if their rec for PES holders to hang on had changed; I know I am getting pretty itchy to dump the rest. Lets see if they get back to me.
SF
PES
pepper residential securities trust no. 21
