Hi Practising Accountant You say my suggestion that if the offer is not accepted they will buy the shares on the open market is wrong, yet at point B you say they may mop up up to 3% every six months on the open market. Thats pretty much the same thing. The point I was making is that I cant see how this stock is going to get in the "teens" again in the near future. Its going to bounce around and above the offer of 21.17 until a decision is made on the offer. Most people holding recently should see some good profits made plus a dividend coming with some franking credit. Happy to hold around these prices and take the dividend and watch the rest unfold.
LEI Price at posting:
$22.17 Sentiment: Hold Disclosure: Held