Forum Archive Index - May 2003

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Re: Re: Re: [sharechat] BIL takeover offer for Thistle

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

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