RE: Seems like...2 Nov 2016 10:28
£500m was a worse scenario,but it depends on your personal position.20% premium to todays prices sounds ok to me.Having said that i cannot see anyone dropping an offer round any time soon.Most companies review their strategy's at the turn of the year so patience is required.If you feel the £ is going to recover to $1.40,that lrd are in the wrong market,that the £260m of debt is too high even though 80% of it doesn't mature till 2019 and the interest payments are covered 8 times then lrd isn't for you.