Kingboard Copper Foil

[TTTI]

The Kingboard Group has defeated Pope on appeal. This means that the status quo of renting out the premises will continue. Since the goal of the Kingboard Group is to obtain copper foil to meet its needs, there is no need to do anything else any more. Minority shareholders hoping for a reinstatement of dividends are likely to go unfulfilled since KBCF is barely profitable. An offer at a higher price would be seen as rewarding antagonists like Pope, so it is unlikely to happen.

IMHO the most likely outcome is that as minority shareholders lose hope, they will continue to sell down KBCF. Eventually the Kingboard Group may make another offer at a lower price. After all they will realize some savings in terms of listing fees etc if they do privatize the Group. But in order to send a message to troublemakers like Pope the offer price will be low. In fact it might actually be a smarter strategy to go short the stock since there will probably be no dividends, no higher offer etc. It would be fully aligned with the controlling shareholder's goals.

As usual, YMMV.

Hi d.o.g.

My thoughts exactly.

Although I was honestly rooting for POPE. 
Logic and reasoning though, has to take precedence over emotion.