sabine.... TSE is def a TO possibility. Management have staggered from one bad decision to another. raising capital at just above one-10th of SP 14 mths earlier is a disgrace. how can TSE board look shareholders in the face?? Incredibly, UGL may bid for TSE. TSE used to be far bigger than UGL. UGL in no mood to grow from acquasitions but TSE is a sitting duck. imagine buying an ASX100 company on a PE of 4-5!!! Inconceivable even 6 mths ago. LEI of course will be running ruler over TSE. But this is no reason to buy TSE. The rich may make a ridiculous offer just to see what happens. Spastic morons at TSE will almost certainly want more and SP would jump. LEI will simply say 'well.... that is our price... take-it-or-leave-it.' Then walk away and TSE will tank even deeper as shorters crucify it. frankly the entire board should resign. Yet HC holders of TSE seem quite contented with no overt dissent apparent. Beyond my ken.
TSE Price at posting:
$1.85 Sentiment: None Disclosure: Not Held
