i reckon marty is at this very moment following the chat to see if he can get any pointers as to what was discussed yesterday........my guess is he will come up with nothing which has not already been said :-)
The post only confirmed that there are many routes forward, that one is perhaps the one that would mean best value is reached for all shareholders,including the Bod, but it would mean time is needed & SK's age & health would have to be considered(& he would, no doubt, want to enjoy his eventual windfall).
I've been involved in xel for 3 years or so & could wait for another 3 years or more if necessary. On that basis, I am chilled about where the sp is at this stage & it certainly represents a very good investment prospect at this time.
Unfortunately, a combination of several factors do not mean the sp cannot go lower, I would add some more if the 70s are re-visited in the meantime & am comfortable to hold all my existing 80k odd unless there is a major spike at some point(some takeover mutter would seriously re-rate xel in an instant as it would be based on a discount to the proven reserves & their value).
An sp based on the value of the assets will be found at some point but we may be in some more frustrating times in the meantime.
Front row seat at agm. Found Rupert a bit tricky to get answers out of sometimes but I DID rather have a crack at questions that would have tried his corporate discretion! Got the idea he was being like that for very good reasons though. It was mentioned that it was a depressing sp but they were pressing on with doing things that were within their control - which was getting on with the job of bringing this remarkable Bentley asset to bear fruit.
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