SGL ricegrowers limited

re: qgc & sgl stung by I think emotion is getting the better of...

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  1. emklein
    182 Posts.
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    10/03/06
    23:43
    Post #: 1426171
    re: qgc & sgl stung by I think emotion is getting the better of everyone here, it seems highly likely that the recent increase in SGL price is directly attributable to the perceived value in the takeover. If that takeover does not go ahead, its highly likely SGL will be back to 30 cents or less. Despite what the director are spruiking, they are having difficulty coming up with the $30M, which means the company is not in good shape and the 27 cent pre offer price may be close what the company is worth. Alternatively, if the takeover does ahead, the combined resources must push SGL well over 60 cents relative ($1.20 QGC).
    For that reason I'm putting my share in for the takeover, the economics are undisputable, I am only in it for the money and the takeover is a guaranteed leap in share price.

    I also hold QGC shares
    SGL Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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