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Value

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GAF1984
Occasional Contributor
A while back the auditors said that Protech value was 92cps, so why after the Eqstra offer lapsed, has the share not gone up, but remained more or less around 50cps? Waiting for next results to confirm recovery?
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4 REPLIES 4
Harathke
Regular Contributor
Because auditors are auditors, not investors.
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Airborn
Contributor
The offer of 60cps from Eqstra was a solid offer and it is very sad the Protech Mgt and the "Independant Board" did not objectively review the offer!!! Thet are merely protecting their own jobs and allowed the value to be talked up to PWC. Will be quite some time before the 60cps is reached and st what point does EQSTRA with 32% start dumping??
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GAF1984
Occasional Contributor
For now, Mr Hill says, it is keeping its Protech shares. That business is undergoing a turnaround and the share price has improved substantially in the past year. http://www.bdlive.co.za/companies/2013/09/06/company-comment-delta-emd-eqstra
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Airborn
Contributor
Regardless of what Mr Hill has claimed to hace said.... Eqstra will wait till the protech share reach !their! holding cost and will start leaking them into the market. with the liquidity of the Protech share this overhang will will cause the share to remain depreseed for many months to come. the question is at what level is that and tradeout ahead of them!!
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