What to do with SYD?
Hi,
And thanks again for your valuable insights - I'd appreciate some of them with regards to SYD. What do you believe is the outlook for this stock in the short and medium term?
Thank you
Catherine
The Latest Q&A
Answer
Hi Catherine,
I appreciate the positive feedback, always welcomed! Obviously the stock is “in play” at the moment after the board recently rejected the $8.25 takeover bid by a consortium of four infrastructure investors at a very healthy 42% premium to its last trade. I feel a higher bid may well be forthcoming, obviously time will tell but so far we’re seeing a wave of takeover bids but not a plethora of increased offers as boards reject the initial attempts. A few Mexican stand offs as big egos bang heads appears likely into Christmas.
