I am favouring the share sale to be rejected. Shang already has a large stake in the other company. If it really wants more exposure than it needs to pay a takeover premium. In the unlikely case they do get approval, I am going to dump the stock on any sign of weakness. Can't see anyone else wanting to take it over when Shang has 40% control. Just waiting to see, how this iron ore price rise will effect the overall profitability. That 34cents could easily become 56cents, if they are able to keep cost down and pocket the extra margin. If that happens these shares will be going in the bottom draw as a cash cow stock.
fair takeover premium, page-4
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MGX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
32.5¢ |
Change
0.005(1.56%) |
Mkt cap ! $389.5M | |||
| Open | High | Low | Value | Volume |
| 32.5¢ | 32.5¢ | 32.5¢ | $5.048K | 15.53K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 206394 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 63196 | 6 |
View Market Depth
| Last trade - 10.32am 07/10/2024 (20 minute delay) ? |
| MGX (ASX) Chart |