Dart today announced a restructure. It proposes to seperately list its internantional assets on Sing exch, with DART Aust being the majrity s/h.
it will then restructure its Aust assets to accomodate a "strategic partner" at an asset level or corporate level.
i don't know about you guys, but to me the timing and the plans are saying that the Dart Board do not want to be left in the same situation as ESG and BOW.
that is, that a predator takes advantage of the poor current market value of CSG stocks, and that predator offers a low-ball bid at an attractive premium to the current very low SP.
Dart mgt is doing something about it.
- they have announced the monetisation of the international assets. - they have TOLD the market about their plans for a j/v of either the assets of the coy, or sale of equity to a strategic partner. i think they also say that there has already been approaches by interested parties.
so to me this is saying that BOW does have options - there IS interest out there, and that THINGS are moving!
and Dart is similar to BOW, in that mgt/board have a lot of skin in the game.
BOW Price at posting:
$1.44 Sentiment: None Disclosure: Held
