News
Offer outrages disenchanted TTP shareholders
Sunday 4th of April 2004
Michael Connor, who runs Epsom investment service Income Master, said SEA's 40c share offer made this week was a joke and far too low.
"It's completely derisory. It's farcical. You've got to be kidding me," said Connor, adding that the net tangible value of TTP equated to 63c a share.
He expects Grant Samuel to be commissioned to write an independent report on the offer and is sure any assessment will result in criticism of SEA for making its offer too cheap.
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