Why would you expect the SP to be more with the deal going through than with the deal refused. I see the reverse.
The Chinese offer was low and opportunistic. The present financial climate would allow LYC to raise sufficient funds without the same dilution that will occur if the deal does go ahead. If the deal is knocked back and the SP does fall then I'll buy.I'll probably buy more even in the event that the SP rises.
If the deal goes ahead then its a case of "I'm outa here" and Barnaby Joyce and the nationals will get my vote at the next election.
"That should be worth a thumbs down on past results from some here that I am beginning to believe are publicity moles for the takeover crew."
thoughts on sp post firm decision?, page-3
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Last
$7.85 |
Change
-0.090(1.13%) |
Mkt cap ! $7.337B | |||
| Open | High | Low | Value | Volume |
| $7.78 | $7.85 | $7.70 | $22.48M | 2.878M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2285 | $7.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.85 | 6431 | 1 |
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| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |