Quiet simple,
the stock is tightly and silently held be those like me
who think the real value is > 1 A $.
For short term traders or hedgefunds SRL`s
opportunistic move (i.e. taking advantage from TTT`s temporarily share price weakness and its own share
price strength) does not offer an interesting
arbitrage opportunity. Current premium very small
and even in your better case not offering a good
risk/chance possibility. SRL only wants to take
50% and then one gets only shares and this only after one month...
If SRL share price retreats in the meantime the "premium" can easily fade away...
cheers
PS
Premium for a change of controll in my understanding
BTW should generally be in the range 25-35%.
Anyway personally i will definetely reject SRL`s offer
(unless they offer me cash for 100% of my shares
and a price of at least 95c)
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Last
17.5¢ |
Change
0.015(9.38%) |
Mkt cap ! $179.4M |
Open | High | Low | Value | Volume |
17.0¢ | 17.5¢ | 16.0¢ | $580.8K | 3.425M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 20000 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 250354 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 20000 | 0.170 |
2 | 15000 | 0.165 |
7 | 122377 | 0.160 |
2 | 48709 | 0.155 |
3 | 103880 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 205956 | 6 |
0.180 | 295777 | 3 |
0.185 | 455100 | 3 |
0.190 | 223268 | 6 |
0.195 | 227994 | 3 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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TTT (ASX) Chart |