Thursday, 6 August 2020

THE public stockholders of Liberty Telecoms Holdings Inc. (LIB)

THE public stockholders of Liberty Telecoms Holdings Inc. (LIB) are more likely to maintain complaining against the offer to buy them out at P2.20 in keeping with percentage, which to them is low compared with their acquisition price.

On the opposite hand, stockbrokers willingly standard the P2.20 rate-according to share offer due to the fact they are recognized more to take a position on listed shares and do now not make investments on them for the lengthy haul. Who among them would purchase a large block in the event that they didn’t recognise anything occurring within the boardrooms?

The public can most effective cry foul over the new proprietors’ provide of P2.20 in line with proportion. Even regulatory government can not interfere for them anymore.

Duediligencer can handiest sympathize with the public who had waited for LIB share charge to get better in due time. More than P11-billion deficit became an excessive amount of to undergo for a employer whose telecom belongings had long been in “hibernation”.

The public traders in LIB stocks could have been duped into speculating on the company’s telecom assets, a highly-priced lesson that they need to now not overlook.

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