What’s with the hostility? The Board doesn’t have to accept anything, nor do shareholders, but if the price is driven down in a crap market, an offer of 30 or 40% above the current price may well sway enough people including the Board to recommend the offer. I certainly don’t want that to be the case, but it wouldn’t be the first time a company is targeted by opportunistic buyers.
as for the tax bill, I can assure you that the ATO does not wait until the end of the year to collect their tax. They are called installments for a reason. And if you want evidence of that you should read the presentation/ report (which I mentioned) which clearly says $116m income tax paid!!! which is most certainly for FY23. And if you really want further evidence, they could not have paid a franked dividend without paying the tax first. Make sure you actually know what you’re talking about before if you’re gonna come out of the gates like that
Good News & Bad News, page-34996
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Last
$2.95 |
Change
-0.055(1.83%) |
Mkt cap ! $8.863B | |||
| Open | High | Low | Value | Volume |
| $3.01 | $3.02 | $2.93 | $21.72M | 7.354M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 81 | 491612 | $2.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.95 | 219048 | 56 |
View Market Depth
| Last trade - 14.14pm 08/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |