I understand your logic in saying that however that is all based on a takeover.
It is becoming increasingly hard to take over EXT.
The likelyhood is very VERY low now but anything can happen not unlike any other company listed on the ASX so take your pick at who is going to be the next takeover target.
EXT isn't a takeover target any more.
The price that it went to at $11.45 was the takeover value at that stage.
KAH can't buy many more shares in EXT either or they will actually have to make a take over offer LOL.
KAH definitely won't ever be able to afford a takeover either so they can get as much of a controlling stake as possible.( Not sure why they would be doing that but that is interesting none the less.)
EXT Price at posting:
$6.93 Sentiment: None Disclosure: Not Held
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