Sparx is offering a future-facing takeover of a "vital technology" for an old school metal-basher with the assistance/support/involvement of its parent. At 0.46x book. That's a bad price. Complain.
Boomeranged on Tue, 5 Dec 2023 11:14
IJTT is now trading 3% through terms and volume is higher today. Often, trading through terms is "expensive" to do because of how much a bump could bring but this is 0.46x book. It takes a 25% bump to get it close to 0.6x book. I like this for the bump, even here.
SUMMARY
(Sign Up to Access)
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
Unlock all research summaries
Follow top, independent analysts
Receive personalised alerts and emails
Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.