In view of recent figures is the takeover under priced.

Tradus revenues rise 65 pct to 20.5 mln stg in 3 months to Dec 31
AFX


LONDON (Thomson Financial) - Eastern European-focused internet auction group Tradus PLC said revenues for the three months to Dec 31 increased 65 pct to 20.5 mln stg.

It said its cash balance increased to 27.9 mln stg for the period, against 20.7 mln stg at end-Sept.

The company also said shareholder meetings to consider South African media group Naspers Ltd's recommended 946 mln stg cash offer for the company is scheduled for Feb 8.


Are any readers going to the meeting?

Noted only 17.9% at 18.00 per share.

This to me on recent results to undervalue the company.

Would, I think at its growth rate be worth 30.00+.


Worth a look, generally I flog into the market when the price settle down at offer price, but in this case holding out for more.