Meridian holds 19.28% and nearly at 20%. IMO, Meridian could come out with a better offer than 45c and win the potential t/o battle(if, one eventuates). They could team up with Farjoy(and others) and win, get 100% and wait for that contingent payment.
Securitization would need a third party to step in. Who would want that?
WPL's 2021 Annual Report out sometime around 17 Feb 2022 and STAM offer opens 14 Feb. Far's A/R around April. Are the contingent payment/liability going to appear on these Balance Sheets?
I no longer held after the recent sale but was in many years ago just after the Shell duster.
Good luck to all long suffering shareholders. You all deserve more than just the cash backing but, the big guys usually win.
Ann: Meridian Rejection of Samuel Terry Takeover, page-26
-
- There are more pages in this discussion • 2 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 FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
49.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $45.74M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.0¢ | 49.5¢ | $40.39K | 81.09K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 36593 | 49.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 129688 | 3 |
View Market Depth
| Last trade - 15.44pm 18/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |