Food for thought..., page-2

One of the many thousands of conditions in the announcement was that no dividends were to be announced/paid by IDX between the 0ffer announcement and closure. So presumably the IDX ebitda has been factored into the cash position.

I tend to agree that only time will tell with this one, although am more on the positive than negative side. I don’t care about dilution as long as the merger delivers the supposed increase in EPS. The danger with these things is that you pay for earnings but don’t get them.

I agree that IDX shareholders could sell down their new Capitol shares and depress the price (particularly those people with shares in escrow who are presumably looking to monetise those holdings). Long term share price will follow eps growth.

Given the fall in share price today, I suspect quite a lot of people are taking their profit and runnning. This was always a long term hold for me, so I am staying in. Hostile takeovers are never fun, so I hope this one doesn’t drag on for too long...