Guthrie GTS

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Guthrie 2007 takeover offer @ $0.395 circular extracts:

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Current unconditional offer of $0.88 vs RNAV of $1.01 also implies a similar discount. Unless of course, the new RNAV is higher than $1.01, then there remains a possibility of revision in offer. Pray hard...

GG

I think the 2007 offer was made at a time when stock market prices were sky high. Hence the IFA comparisons were against other property companies that were well over book value. It's a pretty different environment now with the same property companies trading below book.

so it actually sounds like an even better offer than before...

The 2007 offer was to gain control. Now it's to delist. Different situations... but not sure if it would be taken into account by the IFA.