Aim-traded US ethanol business
Trading-wise, GTL has performed solidly of late and recently reported improved margins in the business. Its refinery now has a decent record of performance, but the business continues to carry significant debt at the operating level, which has continued to hold the shares down.
IC VIEW:
GTL shareholders have probably forgotten the time when their shares last touched 100p, which means this offer is likely to attract a good deal of support. The shares have risen to 97.5p, which suggests hopes of a rival bid are slim. Await documents.
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