yellowbelly20 Mar 2013 18:49
As you say, these types of negotiations can take time, although we do know at least one buyers at the table with others expected. Prior to the Iris bid there were several serious contenders anyway, so just a question of letting the BoD do their thing & the interested parties carry out the requisite checks & due diligence processes.
I don't mind it being quiet here - a bit like the MTV board several weeks back & then all hell breaks lose there with the associated sharp price movements, one of which resulted in over a 200% gain on the day.
Different companies & vastly different investment cases (IPSA is much more solid imho), but we all know how IPSA can move given the low number of shares in issue & the game changing development that'll result from the turbine sale.
One thing we can say is that the turbines WILL get sold so just a case of securing the required holding level whilst the price is subdued & waiting for the successful sale conclusion off the current negotiations.
We're all aware of the target prices quoted & NAV which although theoretical figures atm, do give an assurance of a major upside move on the turbine sale off the near 52 week low that we find ourselves, hence a fairly safe entry atm imho.
A comfortable buy & hod until then.
atb