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From: | "DR" <hamish@webmail.visp.co.nz> |
Date: | Fri, 2 May 2003 15:26:44 +1200 |
BRY price rises on taking THO holding to over
50%.
They will end up with lotsa cash or at least they
can control disbursement even at the current holding.
So as said before the present BRY value is now less
than the net value of THO held and they can finace the remaining 47% for low
cost.
Earnings per share about 4.5p. Cost of servicing
the 130p takeover is about 6.5p or only 3.7p over their total
shareholding.
Worth a punt?
Just sorry I didn't grab a few at 48c
D
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