Normal
Came back to have a look at Rinker as they slip to A$18.35 after news of further weakness in the USA property sector. The market is now doubting that any counter-bid will be anywhere near the hopefulls A$21 - A$22. The weak US Dollar and strong Aussie Dollar has also put a dampener on it as well.How much? If another bid comes, well it will be an all stock bid or nearly all stock bid, that's my thinking anyway. That bid may then have the possibility of withering on the vine and I doubt Rinker are worth more than A$19 in their cloud covered market.
Came back to have a look at Rinker as they slip to A$18.35 after news of further weakness in the USA property sector. The market is now doubting that any counter-bid will be anywhere near the hopefulls A$21 - A$22. The weak US Dollar and strong Aussie Dollar has also put a dampener on it as well.
How much? If another bid comes, well it will be an all stock bid or nearly all stock bid, that's my thinking anyway. That bid may then have the possibility of withering on the vine and I doubt Rinker are worth more than A$19 in their cloud covered market.
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