RE: Is anyone still here from 2020...10 Sep 2024 20:08
MattyBoy, don't be disheartened. I've been through a few of these scenarios. I never want to be a long term investor, it's just not for me. I've tracked companies who have gone through similar to what's happening now with GGP (none of them UK) and they've done fine in the end.
I wanted a quick profit from GGP - didn't turn out that way.
What you're witnessing today on this forum is initial reaction, the offer price being rather low and what not - it's hard for some to comprehend but that is the price whereby the deal could be done. If not there would have been no deal and more than likely GGP would be pulverised and starved and swept up lock stock and barrel for pennies.
Lots of "new" negative posters have popped up over the last couple of days - and with reason!
It's my belief that we will relatively quickly see a reverse stock split and then proceed with the ASX. Plenty of Aussie institutions will want this stock. It's candle in the wind stuff to come up with a figure. Probably not what you want to hear but in my opinion it will take a while to get anywhere our ATH's. Set yourself a new, reasonable target. The big Aussie investors will be in for the long run, regardless of SP ; divis is their focus. It depends on your timeframe mate.
I'm also harbouring thought of a major jumping in once all the dust has settled - who knows?