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JST, JUST GROUP LIMITED
alonso
post Posted: Jul 31 2008, 02:53 PM
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Just released an update today, but I think it's tottering on the brink with about 38% gone now . .

http://www.thewest.com.au/default.aspx?Men...ContentID=88228



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"The optimist proclaims that we live in the best of all possible worlds. The pessimist fears this is true"

"What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom." Adam Smith
 
alonso
post Posted: Jul 30 2008, 10:06 AM
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good article on the state of play:

http://business.smh.com.au/business/lew-is...80729-3mt5.html



--------------------
"The optimist proclaims that we live in the best of all possible worlds. The pessimist fears this is true"

"What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom." Adam Smith
 
alonso
post Posted: Jul 24 2008, 10:22 AM
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In reply to: alonso on Wednesday 23/07/08 10:14am

In my view, which counts for nil, this is an extremely deceitful offer, not surprisingly coming from whom it does.
Aspect Huntley neatly summarises the position thus . .


Event

No change to Premiers (PMV) base offer of $2.095 cash and 0.25 PMV per JST share. This offer is conditional to obtaining over 50% of acceptances and the ASX 200 not falling below 4600. This offer closes on August 7.

PMV will increase the cash component of the offer by 15 cps if it increases its relevant interest to at least 90% by 7pm August 6.

If PMV receives over 50% of acceptance up to seven days before August 6 then this premium offer will be extended 14 days from the day it exceeds 50%.


Impact

It is very unlikely PMV will receive over 90% of JST shareholder acceptances without JST board approval for the offer.

At today’s market prices, the 90% plus offer, represents $4.02 per share. The revised independent report suggests a value in the range of $4.54-$5.02. It is therefore unlikely the board will approve this offer.

This move by PMV further complicates and confuses the bid which may sway retail investors to accept and so enable the Lew camp to get its target of 50% plus control.


Recommendation Impact
(Last Updated: 20080724)
We continue to see value in the JST business up to $4.30 and suggest recent share price weakness represents a great buying opportunity. Holders of the stock are advised to hold and reject the offer.







--------------------
"The optimist proclaims that we live in the best of all possible worlds. The pessimist fears this is true"

"What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom." Adam Smith
 
alonso
post Posted: Jul 23 2008, 10:14 AM
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final offer out



--------------------
"The optimist proclaims that we live in the best of all possible worlds. The pessimist fears this is true"

"What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom." Adam Smith
 
alonso
post Posted: Jun 3 2008, 09:40 AM
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interesting read . .

http://business.smh.com.au/premiers-path-t...80602-2kyk.html



--------------------
"The optimist proclaims that we live in the best of all possible worlds. The pessimist fears this is true"

"What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom." Adam Smith
 
alonso
post Posted: May 7 2008, 10:02 AM
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Four of the directors buying small amounts . . .what's that all about? a gesture of (futile) support, don't know what else it would be.
It's all so depressing!!!



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"The optimist proclaims that we live in the best of all possible worlds. The pessimist fears this is true"

"What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom." Adam Smith
 

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alonso
post Posted: Apr 9 2008, 10:43 AM
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In reply to: arty on Wednesday 09/04/08 01:23am

love what's that?
Michael West has written a good peiece on it:

http://business.smh.com.au/lews-just-offer...80408-24ol.html



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"The optimist proclaims that we live in the best of all possible worlds. The pessimist fears this is true"

"What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom." Adam Smith
 
arty
post Posted: Apr 9 2008, 12:23 AM
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QUOTE (alonso @ Friday 04/04/08 09:46am)

Hmm - I get a vague impression that alonso loves this stock wub.gif

And at long last, I might go along and set an alert. The volume spike ("volume precedes price") on Feb 19 was the first signal. MACD Divergence looks Bullish, and up to March 31 a nice round bottom has been forming.
Since then, volume has increased significantly, so has the price.

A break above 4.27 resistance would guarantee us a HL-HH sequence.

PS: Be aware there is a takeover bid pending. At first glance, it seems pretty opportunistic, if not "predatory". Read what's been offered and how JST Board has reacted, before making a decision. DYOR
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I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
alonso
post Posted: Apr 4 2008, 11:46 AM
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Don't like the way this is hovering in the 4.teens. All the comment I've seen has it that the true value is up towards $5 but there's no evidence of buying in expectation of a rising bid.
Obviuosly the true value of anything is what you can sell it for.

Apart from all that, nice to see - but not surprised - that the clothing sector has gone against the down trend in retail sales.



--------------------
"The optimist proclaims that we live in the best of all possible worlds. The pessimist fears this is true"

"What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom." Adam Smith
 
david_j_c
post Posted: Apr 2 2008, 11:31 AM
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In reply to: alonso on Wednesday 02/04/08 09:34am

bribe declined.

 
 


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