Thread View: wa.general
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Started by The Organiser
Tue, 13 Apr 2004 17:52
Alinta Share Offer in West Aust closing 14 April
Author: The Organiser
Date: Tue, 13 Apr 2004 17:52
Date: Tue, 13 Apr 2004 17:52
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Any opinions out there on whether the new share issue for Alinta is good value at the discounted price of $5.50? The shares last traded on about March 18 for $6.15 before being suspended due to the new share issue being released. Alinta shares traded at over $7.00 in the last few months. Does anyone know why they have since dropped to $6.15 - any particular reasons? Geoff
Re: Alinta Share Offer in West Aust closing 14 April
Author: Trevor S
Date: Wed, 14 Apr 2004 00:03
Date: Wed, 14 Apr 2004 00:03
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"The Organiser" <geoff7772001@yahoo.com.au> wrote in news:407c2f4c$0$16595$5a62ac22@freenews.iinet.net.au: <snip> > few months. Does anyone know why they have since dropped to $6.15 - > any particular reasons? Geoff because the market thinks they overpaid for Duke. The $50 question is was the market right and the Alinta board wrong ? I do think they overpaid, reading between the lines, if they can make use of the underuterlised infrastruscure, they will have paid a fair market price, the board are presuming they can make use of this infrastructure with extra capacity, if they can, things should be okay, if they can't... This begs the question why Duke never "bothered" ? Maybe Duke are smarter then the average bear and got out while the going was good ? There was quite a long thread on this in AUS.INVEST, do a search via Google Groups. -- Trevor S "Unthinking respect for authority is the greatest enemy of truth." -Albert Einstein
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