21-01-2021, 02:18 PM
(21-01-2021, 02:07 PM)valuebuddies Wrote: It must be crazy to offer to buy at 65c, which value the company below its book value and under 10 PE. Am surprised why would Jeffrey and James given green light to this, given that it was traded at 71c pre-covid pre-Swissco deal.
Its an opportunistic low ball offer. Management buyout trying their lucky draw??