BOW - Bow Energy

[basilio]

Well the long awaited takeover bid finally materialises.

I think it is a very opportunistic low ball offer that doesn't reflect the value of BOW's resources. ( I suppose it's the sort of offer that is made in a depressed and scared market ..)

Hope for the sake of shareholders there is a significantly higher offer put on the table.

 

[grace]

Well the long awaited takeover bid finally materialises.

I think it is a very opportunistic low ball offer that doesn't reflect the value of BOW's resources. ( I suppose it's the sort of offer that is made in a depressed and scared market ..)

Hope for the sake of shareholders there is a significantly higher offer put on the table.

aaaah, this one is for my retirement....plse plse directors don't let it go now!!!! Bow is my largest holding. I am happy to hold for another 5 years thanks. (not retiring in 5 years I'm still quite young, just happy to sell the shares about then)

 

[redsmartie]

I think it is worth more! they have over $85 million in cash to spend and now someone else wants to takeover, it is not right!

 

[notting]

It's not over yet and so far it's friendly.
That can often mean more fun ahead!
This is just a first test out the reaction kind of offer.
Hardly going to be their best shot at BOW.
It's been close to this bid price without much help on it's own this year.
More is a given.
How much more and how soon is the question.

 

[oldblue]

Management have big stakes in BOW. If it's worth more than $1.48 I'm pretty certain that there'll be a contest. If not, it probably signals that there is plenty of the stuff waiting to be drilled and that nobody is prepared to overpay for it.

I'm holding.

 

[tastefultrade]

What do you think is going on with bow? Is there going to be another bid? i saw in the fin review that the speculation has been on origin and santos.

holding or selling? or buying? (seems to be undervalued?)

 

[basilio]

And the takeover bid is raised to ...... $1.52 !!.

An extra 4c a share is all it has taken BOW management to decide Arrows bid is acceptable.

I suppose a savage bear market is the best time to make astute takeover offers. In fact there would be many, many mining shares that are currently undervalued.