Imo it will have no effect on wds, however it clearly shows that wds is way undervalued. Pala i think arestill accumulating, whether a takeover will take place in the future is an unknown. they are known to takeover companies. Anything under $1 for wds would be a steal, i think more the $1-40-1.70 range will be the case 140 million shares is not a lot and only values the company at 100 mill,compared to 575 mill for easternwell. Like for like in a simplistic term...wds profit will be about 1 third of easternwell, 1 third of 575 is approx 200 mill which is 41.40 wds price... food for thought the early bird gets the worm...
WDS Price at posting:
67.5¢ Sentiment: Buy Disclosure: Held
