bullish
IJTT (7315 JP) - A Truly Offensive Takeover Price and Process To Buy Out Minorities at 0.46x Book
891 Views13 Nov 2023 08:01
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.
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