So you are saying that for approx 75,000 Euro, that NOK could end the entire thing and initiate the squeeze out. Heck if it was as simple as you are stating, then they would offer more than a few cents for a premium just to finish the deal, but something tells me your math and logic is over simplified. And your statement of law and market rules does not seem a perfect rational. So speculators have the premium on ALU at this stage and that is that? It will all end poorly and miss the dividend has been parroted too many times - sound like a Nok strategy to me.
So please explain why there is a premium NOW- remember how this thread started? Why is the ALU worth more percentage wise than the NOK? The deal is certainly not .55 share ALU per NOK at this time. I doubt your number of shares on the open market is correct to fulfill 1%. Perhaps someone more adept at technical / share counts could ellaborate.
Could not people seeing that a higher premium is going to be necessary to get that 95% be buying up shares? I would assume that if nok was buying the shares, they would have to reveal this in filings. I am nervous that once the 95 is hit, that they could go back to the poor deal of .55, but that sure is not what the premium of ALU is showing now. The exchange rate worked against the higher premium recently- EU was at 1.14, now closer to 1.11. I am going to hold until it gets to at least $4/ share US- which is the fair price they should have offered in the first place to avoid all the confusion and legal involvement.
So they are at 94% after buying the convertible bonds, where will that leave the stock holders of ALU? Assume it will pop a little bit tomorrow- because they just need to buy a we bit more on the open market and then it is a done deal. I will sell mine at cost- almost there.
Yup- it purdy much does. If you have anything of value to say / type- I will have something of value to respond.
I do not know why you would explain the percentage of the dividend, that was not the question- everyone seems to be talking to themselves and don't consider questions. When a dividend is very high, there is sometimes a tendancy for the stock to correct the day after the dividend goes X. This did not happen and I simply asked why or was searching for replies regarding the history of X dividend dates and the stock reaction. But instead a twit tells me the dividend is high. What the ....
Glad to see there are people that know what is going on- I was lonely. What do you suspect will happen. will they wait a year or more to get it done or make a better offer in court before?
Well don't trust my math, but 3.67/.55= 6.67
and what is NOK at now? 5.95
There is a premium for ALU over Nok vs the prior deal of .55 shares because the minority of ALU shares left have to be bought at a better price or on the open market since the squeeze out deal was not reached. Done, but not completely- they may try to cheat or devalue alu as best they can, but now that they justified buying it, how do they say they overpaid, when it is obvious they underpaid and now have to pony up for their cheapness.
Maybe you have some investing pointers for Warren Buffet also? I am glad that your analysis has such confidence. You probably like I Frankenstein and Gods of Egypt - so you make a ton on one investment and throw away money trying to replicate that exact experience- sounds clever to me. You miss the point, but never mind- you seem to know everything, but thanks.