I would have also personally preferred for them to pay out an honest dividend (capital repayment) to everyone instead of all these maneuvers. But the share price drop has certainly been drastic; we are now back down to the level of the takeover bid.
Q1 results tomorrow—it will be interesting to see if they inspire more fear or hope. It will also be interesting to see what the numbers look like now that the 1.10 euro capital repayments have left the cash reserves.