With all the discussions on if a TO is likely, I thought I would add my two bobs worth. If a TO was attempted, the BOD would do everything possible to maximize SH value. We can all guess as to what that price is and I think we can agree that it is multiples of where it is now. Major SH’s of PLS have more of an idea of its value than the market dictates presently and it isn’t in their interests to sell out for short term profit due to the importance of maintaining a strategic holding in this Tier 1 resource. IMO, and I have stated this multiple times, the Top 20 shareholders wouldn’t entertain a TO so reaching the 90% would be a stretch unless the offer was way above a value which takes into account their strategic holding reasons also.
There is also FIRB to contend with and the critical metals stance by our now partially enlightened government.
If a big player was to attempt a TO of a Tier 1 asset like PLS, the sector would go off like a cracker and we will all be wondering how we are going to spend the windfall before we are pushing daisies.
Merger? I have no idea who that would be and why.
- Forums
- ASX - By Stock
- PLS
- Good News & Bad News
Good News & Bad News, page-12723
-
- There are more pages in this discussion • 31,977 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PLS (ASX) to my watchlist
|
|||||
Last
$2.93 |
Change
0.140(5.02%) |
Mkt cap ! $8.819B |
Open | High | Low | Value | Volume |
$2.82 | $2.93 | $2.77 | $65.23M | 22.81M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3424 | $2.92 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.94 | 170199 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3424 | 2.920 |
3 | 63131 | 2.890 |
5 | 452974 | 2.880 |
5 | 143010 | 2.870 |
4 | 99050 | 2.860 |
Price($) | Vol. | No. |
---|---|---|
2.940 | 170199 | 9 |
2.950 | 55937 | 9 |
2.960 | 5000 | 1 |
2.970 | 90000 | 4 |
2.980 | 194022 | 10 |
Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
Featured News
PLS (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online