hi lex, you don’t always have to offer a premium to take over a company that is in the position this one is in.
major chunks were sold at the $8 CR and the possibility that major chunks will be sold again at a future CR well below $2 the way the sp is going.
what ever the main two holders now have should entitle them to increase their holdings proportionally, the maths is?
sure hope this BOD has their ‘ducks lined up’ to avoid a future CR.
big question is this; how long can this company hold off on making a decision on whether to pull the trigger on having a CR in view of a declining sp, can we put any credence in the belief a deal IS on the cards as they have let the sp decline and NOT had a CR at the $4 or $5 mark?
hugely remiss if they have judged this incorrectly.
Credit Suisse Research Report, page-52
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Last
$13.45 |
Change
-0.550(3.93%) |
Mkt cap ! $295.9M | |||
| Open | High | Low | Value | Volume |
| $14.00 | $14.00 | $13.25 | $3.643K | 273 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1 | $13.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.45 | 124 | 2 |
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| Last trade - 11.10am 30/08/2024 (20 minute delay) ? |
| AVR (ASX) Chart |