starchild13 Jun 2020 18:49
However you look at this its a bad deal for cerp One would have to be a complete idiot to say that it wasn't from cerp's point of view.
However, for the share holders, if the share price of both cerp and bpc increases dramatically ( by that I'm looking at 10p cerp 12p bpc ish ) then most cerp shareholders can get their money out then at least most of them won't be fleeced. that's about the only positive I can find in this deal for any of the long term investors.
I just brought in at 1.9 and hoping for an increase in value before the vote at which point I will sell one or two days before as I suspect that the value of the bpc shares will come back down if the merger is agreed. If however I was one of the many investors with a much higher average and the share price does not increase substantially I would advise those share holders to vote no to the deal, there are better deals out there than this, If cerp votes no and get ride of the bod and does need help they need to talk to tullow oil