as this's on the cards to delist, i feel the encumbant bidders will not move an inch on their price but once it's delisted then they will likely offer fewer peanuts in about a yrs time for those wanting out. it could drag on and on until folks get peed of. it's not the usual offer or takeover. ok, so it's possible the listing will remain but as they already have ine as their own vehicle it will be nec to find a buyer for the shell. i'm assuming here that they take the bond out and keep it for themselves. if it was wanted for a clean shell then a buyer was likely to have come forward before ? there are many minnows ready to be clean shells and some with good tax advantages too, no doubt. no, the way i feel this will pan out and have experienced similar happeneing before, is one can get trapped in and stuck, only to be selling out lower than now off mkt. all my own gut feel but a shell it is and someone may just be happy to take it on. not sure how far the delisting thing has gone or what happens from here but for 40, it's cash to take and put in the kitty ready for something else. with the eu in turmioil, and the banking system on a knife edge, i'm happy to stand aside for now. i'm due to finalise a contract on a new home early feb and watching the banks wobble daily worries me that i make it in time to completion.
i reckon 'back of envelope stuff' that there's around 20% in friendly hands as we stand. more poss that is under the sub shareholder notification decs. it won't be hard for ine to take control imo. a few days should do it ??
before mkt on fri i calculated they would take it out at 4.8 but was working on early next week. so i pat myself on the pocket getting that one right. the price was being capped and supported, just as they did with ine. wasn't to difficult really to come to the conclusion.
interesting to watch. hope all of you come out ok whatever you do.
be good,
40.
AYT Price at posting:
4.4¢ Sentiment: Sell Disclosure: Held
