Re: From 111- I think the new branches, branch closure debate is interesting. I suspect an opportunity exists for a very intimate personnel services in small communities not served by other banks. Possibly a banking equivalent of Waitrose, not sure if this is the Niche they have spotted but given changes in pension rules and opportunity to sell to ageing population who want personalized service may be they are on to something
I thought it was normal for buyers to offer 5-10% below asking price for a house, very exceptional to get asking price or above?
I never know if my posts show up so not sure if anyone will respond. If the company were to be taken into private hands, how would the price be fixed. Could the concert party get away with offering 10p per share? What would happen if I did not want to sell?
30% Down - My understanding from the board is many people believe 3 things : 1) Net Asset Value is significantly above share price largely on account of value of CGH holding. 2) The market has good reason to be suspicious of the share, Majority of shares are in the hands of the concert party who have not made a formal takeover, the share have standard not premium listing, the market generally thinks Chinese assets may over valued and volatile. 3) The BOD are playing a long term game, the long term and tend to be secretive, but most people feel they are not dishonest,on the whole the consensus is the long term prospects are good. Tassie is right you either have faith and hang in , or if you don't trust the BOD you sell. I believe it will come right even if NAV never achieved but I am not betting the mortgage on it !!!
Do I recall - Govt has said it plans to sell more of its shares in a Public Issue by end of year - Is it therefore reasonable to assume - tactic keep shares cheap now -announce div in autumn - Hugely successful public sale - nice way to start build up to the election ???
Please could anyone explain. If the Concert Party were to buy out minority share holders, how could a fair price be fixed ?
TOFT I think you have nailed it. If value in a Year is anything like 7p and value now 4.5p thats a possible 50% gain in next year if we get half of this before the company is dissolved the big boys will be very happy !