Post by
SNAKEYBOY on Aug 29, 2023 11:06am
NWH MEETS RESISTANCE
Buyers don't want to pay over 7. What a joke!
Comment by
claritas on Aug 29, 2023 11:11am
Could be that the average trading price needs to be close to 7.00 to provide a reasonable premium should a takeover take place? As premiums are often 20-30% over the average trading price in the preceeding period, this could be the cause of seeing available shares at around 7.00. I could be wrong of course, but thought I would throw this in....
Comment by
SNAKEYBOY on Aug 29, 2023 11:32am
What do you see as a reasonable takeout price? I think 10 psychological round double-digit number. If they lowball they may try then firm it up by 0.75. They can also cut the dividend to get the SP lower but not sure management can act in that manner as it screams manipulation
Comment by
SNAKEYBOY on Aug 29, 2023 12:00pm
Unitholders need to vote and I don't think 8s will pass or even 9. Close to 10 is fair game. Assets are irreplaceable its just their capital structure that ruined the sentiment
Comment by
BlueJay2020 on Aug 29, 2023 12:29pm
Analyst share prices don't account for a control premium - hence $10 looks about right.