ENE 0.00% 16.0¢ enevis limited

anyone hearing takeover rumors?

  1. 3,567 Posts.
    Two utility companies that bought into ENE at $4 now want to increase their stake for a bid.

    This comes after a private group approached ENE for a private takeover (I heard $3 mentioned but the large shareholders just laughed).

    So with the stock at $2 and valuations by even the analysts that hate the stock at $4+ surely ENE is a strong buy???

    SWERF is completely discounted out of the price and the core business has some strong drivers e.g. the large contracts secured in the USA.

    With focus back on share holder returns ENE could return to $4 even without a takeover but I think a t/o is likely is the price stays this low.

    Any ideas?

    Cheers,
    Munch.
 
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