rat reu and rjt impact of afg deal, page-2

Michinyion - hope i got that right!

There's conflicting signals coming out of allco/rubicon.

The buyback looks to have done nothing to increase the share price. When RJT goes ex-div on Dec 21, it will drop to the mid 70's I'm thinking.

As for REU - it is trading way under the 'perceived' value. Therefore the low share price tells you something - the market is worried.

Whether that worry is justified or not is the key. Rubicon are saying all is well - but is it?

I'm thinking the sell-off has been overdone in REU. Way overdone. I would think 80c would be a fair price in a jittery market and real value closer to 90c.

But the Allco announcement is strange - giving incentives to Rubicon to perform better all the while soaking up capital to prop up the shareprice with buy backs.

Left hand isn't talking to the right hand at Allco-Rubicon?