Investments- special thread
Registered User
Joined: Feb 2003
Posts: 4,472
Likes: 0
From: Sydney
I just read that the deal came through according to SMH.
BTW. Cemex is Mexican (Mexican Cements). And they walk a fine line when it comes to making bids for big jobs. They were fined a few million bucks some years back in Colombia for providing plain old crappy road base for a road resurfacing project (100+ kms worth of)
BTW. Cemex is Mexican (Mexican Cements). And they walk a fine line when it comes to making bids for big jobs. They were fined a few million bucks some years back in Colombia for providing plain old crappy road base for a road resurfacing project (100+ kms worth of)
Registered User
Joined: Jun 2001
Posts: 4,164
Likes: 0
From: Melbourne
Originally Posted by Beaver,Jun 8 2007, 04:04 PM
If I understand correctly, the takeover price is USD15.85 .................................................. ...... If you got 0.87 when converting back, you would effectively get a price of AUD18.21 and lose about 50 cents a share and also lose holding costs.
Unfortunately, I don't have a copy of the offer document, nor do I have the time to do a big search for a copy - so I haven't been able to see the fine print where they specify exactly how the final amount will be calculated and/or if there is a clause that "guarantees" A$19.50.
All the documents I could find in a quick search say USD$15.85. I assume this is the reason why the market price is less than the "guaranteed" $19.50.
If anyone has a copy of the official doco - could you please scan it & copy here. Thanks.
On another note - I still remember Margaret Jackson promising that the Qantas takeover was a certainty.
Thread Starter
Registered User
Joined: Dec 2003
Posts: 2,148
Likes: 0
From: Brisbane
Registered User
Joined: Sep 2002
Posts: 8,085
Likes: 0
From: 3rd bedroom on the right
Can I just check that I'm reading/interpreting this correctly?
Outlay =$37,000
Profit = $1,400
Term = 6 weeks
Just seems like a small, slow return on such an outlay to me but then what do I know
Outlay =$37,000
Profit = $1,400
Term = 6 weeks
Just seems like a small, slow return on such an outlay to me but then what do I know
Registered User
Joined: Feb 2003
Posts: 4,472
Likes: 0
From: Sydney
Originally Posted by Austblue,Jun 14 2007, 10:16 PM
Can I just check that I'm reading/interpreting this correctly?
Outlay =$37,000
Profit = $1,400
Term = 6 weeks
Just seems like a small, slow return on such an outlay to me but then what do I know
Outlay =$37,000
Profit = $1,400
Term = 6 weeks
Just seems like a small, slow return on such an outlay to me but then what do I know
It is free money!!!!
O.K. not really because it is not guaranteed after the 6 weeks.
Still gives you 3.8% return in six weeks. Same amount in a term deposit would give you 6% p.a. or 0.00069% in hte 6 weeks. Which is roughly $256.
Bottom line:
Term Deposit = $256 in six weeks at 6%
This investment = $1400 in six weeks at 37%.
Registered User
Joined: Sep 2002
Posts: 8,085
Likes: 0
From: 3rd bedroom on the right
3.8% return in six weeks
because it is not guaranteed after the 6 weeks.
You risk $37,000 by going in or $1,400 by not.
Registered User
Joined: Jun 2001
Posts: 1,180
Likes: 0
From: Melbourne
Originally Posted by Austblue,Jun 15 2007, 08:12 AM
You risk $37,000 by going in or $1,400 by not.