I have held before it was IDL, have bought and sold and generally made money on the way through, but here is my thoughts.
It is a prime takeover target, strong cashflow growing year on year, paying a dividend 2.5%, a pe of 7.5, and has access to funding given their previous lending.
My question is at what level do one of the Chinese state funds take this out at ?
Your calls are invited: my price is .68c for the first take over offer, increasing to .74c.
UBS has 15% of the company so almost a blocking share so once they secure this it's fair game.
This is just my thoughts only, do your own research and I welcome all investors views on this.
IDL Price at posting:
$1.46 Sentiment: Buy Disclosure: Held