Shareholders can do something. Well, actually do nothing, as the board recommends. Do not sell. Offer is way too cheap.
Unfortunately Zhaojin can sit back and let the arbitragers do their dirty work for them. Look at the buy depth. Tens of millions bid for at 67.5 The vultures are gathering! Don't feed them!
Anyway, to each investor their own I suppose. Everybody has their own set of circumstances and their own decision to make.
I am going to hold, so my sentiment changes to hold.
Ann: Notice that defeating conditions to takeover bid freed, page-22
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 (20min delay)
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Last
66.5¢ |
Change
-0.005(0.75%) |
Mkt cap ! $762.4M | |||
| Open | High | Low | Value | Volume |
| 67.0¢ | 67.5¢ | 66.5¢ | $28.99M | 43.59M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 386388 | 66.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 67.0¢ | 378127 | 1 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
67.0¢ |
Change
-0.005 ( 0.36 %) |
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| Open | High | Low | Volume | ||
| 67.0¢ | 67.3¢ | 67.0¢ | 262566 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| TIE (ASX) Chart |