RE:RE:RE:On the takeoverI think there are ways for a company to get sufficient proof before financials if they really want to if dealing in a friendly takeover situation. If they display a creditable interest and are not competitors they might be allowed to look at the books in detail in order to be satisfied to allow them to make a fair offer. I think mark thompson and his staff could do that if they thought it was a serious interest that would be in his target range. I am not saying this is happening at all, just that it is possible if parties are mutually seriously motivated. Even with audited financials, I would want a detailed breakdown of pretty much everything reported. By now, most of the numbers are known, just a matter of putting together the Annual Report I think.
I was looking at the Sep 30 FS and the 3rd Q cashflow from cxr without AMCo was already $70M so i am assuming you are referring to an addition of $90M from AMCo? Their CF for 2014 was 106M UK pounds = 150M USD. They had some major acquisitions in 2015 so ?? AMCo now is supposed to be much larger than former CXR. It is interesting CXR sp before AMCo announcement was over $100 CAD
https://www.cinven.com/lib/docs/100647-annualreview2014.pdf
fdfd12 wrote:
I believe that CXR will pull it off and be a $100 stock by year end.
But, the other companies looking to buy it WANT PROOF.
They need to see cashflow will be paid off in 7 years to be able to spend 5B.
There is no proof right now.
What are you going to tell, lets say VRX.
"VRX buy CXR for 5B. Even though it has 3.5B debt, it has great cashflow.
MT said it trust me. You must believe me VRX. Go buy it."
Guys let's stop the nonsense and get real. We need proof.
It is critical for 90M cashflow this Q.
If they get 60M, CXR will tank.