Club Mulgoa

Thursday, August 23, 2012

Merger between IGR and SLR

When SLR announced the takeover of IGR, the latter went up and the former went down.  This is typical as good gain for one means the other party has paid too much.  But quite a few critics think it is a win-win situation because of proximity and saving.  I am of the same opinion.  So today, when you look at the share price of both stocks, you know the market is now agreeing unlike its initial response.

As I hold shares in both, I was delighted and knew sooner or later, my opinion will prevail.  Much of it is because of the quality of management in both stocks.  It could also be a reflection of the recent rise in POG.

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