PAN in play?21 Oct 2013 22:39
22p is a starting point. What should the premium for a takeover be? Well unless the BoD can find some amazing new news, which if they do would cast doubt on why they haven't realised before, then i guess we are just talking about what should the control premium be. I would say we cant hope at anything north of 25p/26p, that would be around a 30% premium. Don't get me wrong I'm a long term hold here (pre suspension) and do see this as a long term growth share but can BoD put up a credible case? Only hope would be another bidder, and I don't see many white knights!