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6.25% 17.0¢ microba life sciences limited

Doesn't make much sense to me. MAP says they will save 11.5m a...

  1. greyhound41
    26 Posts.
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    24/07/09
    11:20
    Post #: 5426415
    Doesn't make much sense to me. MAP says they will save 11.5m a year, but it will cost them $345 million. In addition 150 million new stapled securities are issued thereby reducung EPS. I dont see how this is good for exisitng holders. Looks like MQG win again.
    MAP Price at posting: $2.60 Sentiment: Sell Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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