Hope it all turns out well!
The big difference in your investment approach compared to Axiomax and a lot of others is that it appears you would be satisfied with an exit price at a 50% premium to current prices.
Axiomax and others are thinking there is a lot more inherent value in the business, where a value at over $1 a share is more appropriate.
Hence the risk of some shareholders accepting a PRY bid such as yourself, where others don't, leading to the risky position of a substantial interest in the stock held by PRY which provides PRY with 'de facto' control (similar to the West Australian Newspapers situation) and therefore a permanently low PE multiple on an ongoing basis.
Its a big issue for the long term holders of VEI and those that care about long term value appreciation.
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Last
$1.72 |
Change
0.010(0.58%) |
Mkt cap ! $1.248B |
Open | High | Low | Value | Volume |
$1.71 | $1.73 | $1.69 | $1.642M | 958.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2230 | $1.72 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.73 | 4762 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2230 | 1.715 |
6 | 33361 | 1.710 |
3 | 13171 | 1.705 |
7 | 31099 | 1.700 |
1 | 2230 | 1.695 |
Price($) | Vol. | No. |
---|---|---|
1.725 | 4762 | 1 |
1.730 | 4648 | 2 |
1.735 | 12813 | 2 |
1.740 | 40425 | 6 |
1.745 | 12813 | 2 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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