SED - Sedimentary Holdings - Aussie Stock Forums

Results 1 to 8 of 8
  1. #1

    Post SED - Sedimentary Holdings

    WELL this is a interesting one! 8.5 mil traded today! Stock has jumped from .20c To .29c due to a takeover offer from Auselect! A major shareholder Lion Select is considering taking up the offer, however directors from sed are recommending doing nothing at this stage! Definetly one to WATCH! GOOD LUCK! guys & gals
    Last edited by jollyfrog; 14th-July-2006 at 04:13 PM. Reason: spelling typo

  2. #2

    Default Re: SED - Sedimentary Holdings

    I'd like to know if it is worth buying in at the current level.

    Is it likely that the company will reject the offer then takeover bidder will have to up the price ? Is that how it works ?

    This stock was recommended on this site only yesterday and I put it on my watchlistr. Shoulda bought.

  3. #3

    Default Re: SED - Sedimentary Holdings

    yea me too...would like to know how far this has to go?

  4. #4

    Default Re: SED - Sedimentary Holdings

    Thanks to parmigianich

    for the tip a couple of days ago in the AUM thread

  5. #5

    Default Re: SED - Sedimentary Holdings

    I have had private messages from a few people now thanking me for the recommendation. I really didn't expect that anyone would have bought on my advise at all, even more so given the little amount of time they had before the announcement of the takeover offer. 40% in 24 hours isn't too bad is it. lol.

    As for how far this has to run.. well they do say that the first offer is rarely the last and a lot of shares were bought Friday @$0.29- $0.295c. Newcrest may just decide they would prefer to have a 100% stake in Cracow rather than a new partner and come out with a higher bid. Though I couldn't imagine a bidding war taking place. SED may even release some promising exploration results or just come straight out suggesting the company is potentially worth significantly more than the offer. Maybe AuSelect will be forced to add a sweetener to their initial offer or maybe they will drop out. Maybe there is another 10/ 15% to be had for SED shareholders or maybe the current offer will fail without any subsequent bids and SED shares will drop a few cents or maybe the offer will pass as is. Who knows.

  6. #6

    Default Re: SED - Sedimentary Holdings

    thanx parmigianich for the info...i guess we will just have to wait n c...i would like to see a bidding war taking place...it will b my first...
    as to newcrest...u said in the aum post the mine was to small for newcrest to have interest...?anyway goodluck to all holders

  7. #7

    Default Re: SED - Sedimentary Holdings

    Hi folks
    Just read the lastest results that came after the market closed today . They looked like there were some good increases in minerals .
    Does anybody think that this new announcement will see the board of SED turning down the offer ?
    Really just after a lead . It has started to drift lowerr and am not sure why if there is an offer on the table . I'm not holding much butwas looking for a bit of upside that hasn't come
    Thanks Martin

  8. #8

    Default Re: SED - Sedimentary Holdings

    From letter to shareholders released today
    "The board and its advisors are in discussion with other parties interested in
    Sedimentary. There is a prospect that one of these parties may make an alternative offer for Sedimentary".

Similar Threads

  1. FRE - Freshtel Holdings
    By Ann in forum Stocks 0-H
    Replies: 18
    Last Post: 12th-November-2015, 06:36 PM
  2. BEG - Bluenergy Group
    By Dar_g in forum Stocks 0-H
    Replies: 2
    Last Post: 24th-February-2014, 11:36 AM
  3. JUT - Jutt Holdings
    By jama_kj in forum Stocks I-P
    Replies: 0
    Last Post: 4th-January-2008, 03:08 PM
  4. Global Ethanol Holdings IPO
    By Young Gun in forum ASX Stock Chat
    Replies: 4
    Last Post: 24th-July-2006, 05:44 PM
  5. SED - Take Over Offer
    By pussycat2005 in forum Stocks Q-Z
    Replies: 0
    Last Post: 14th-July-2006, 02:24 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Aussie Stock Forums