Finance > Shares

PTB

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galumay:
Well the 2nd worst thing that can happen to a long term investor (aside from losing capital), has happened with PTB, a takeover by a competitor, US-based Precision Aviation Group, apparently offering around $200m for the business.

Board fully support sell out. Surprised honestly to see PTB board recommend the deal. The price is a discount to my range of valuation for the business and a poor outcome for long term investors. Did the board really have so little confidence in the business and its future?? I am tempted to vote against the deal as I dont believe its in SH's interests, but if the board no longer believe they can run the business profitably then I really have no choice but to accept the offer.

I guess I should be pleased with a nearly triple bagger in 2 years.

Our cost was an average of 62c and takeover will be $1.595 current price $1.15

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