Hunderwear wrote:Just why did this company delist.They had a history of not paying dividend prior to delisting and an year after delisting they give a dividend of 16 bob followed by an interim of 10 bob.Having bought off minority shares at 65,It wil take them a paltry 4 year to recoup their investment.
That is what happens when a company has healthy reserves. Hawks buy into it and eat up all the reserves. In some cases the market valuation of the company is less than the value of the reserves or assets. Buy the share, pocket the reserves and sell the assets and walk away with a tidy profit