Following on from the recent BBY report on FMS that someone posted the other day I have received one from Ord Minnett who are also confident in the deal getting done. The report is dated 17 April.
The following is an extract from the report:
MMK does not wish to renegotiate terms and is willing to continue the takeover in good faith.
In summary, the takeover has been delayed but not withdrawn. The cause and timing of the delay is extraordinary, with the market reaction since the injunction was announced effectively pricing in a zero chance of the takeover now proceeding.
Regardless of the outcome of the MMK takeover we continue to see substantial inherent value in Flinders and their Pilbara iron ore project. Whilst the SIA has been ongoing Flinders has achieved two major milestones; signing a native title agreement and the granting of the mining lease over the project. These two items add significant value to the project and Flinders and with the definitive feasibility study due in a couple of months we expect there to be continued corporate interest in Flinders other than MMK.
We maintain our Accumulate recommendation with high risk and view any weakness in the share price as an opportunity. Our Price target remains the bid price of $0.30 per share.
- Forums
- ASX - By Stock
- RHK
- fms and russia
fms and russia, page-15
-
- There are more pages in this discussion • 7 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 RHK (ASX) to my watchlist
(20min delay)
|
|||||
Last
78.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $155.8M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1300 | 80.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
85.0¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1300 | 0.800 |
2 | 7339 | 0.780 |
1 | 5000 | 0.670 |
1 | 10000 | 0.650 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.850 | 10000 | 1 |
0.860 | 48332 | 3 |
0.870 | 16412 | 2 |
0.890 | 2368 | 1 |
0.900 | 9425 | 1 |
Last trade - 16.12pm 04/10/2024 (20 minute delay) ? |
Featured News
NEWS
Breakthrough programs slash healthcare events, driving a significant A$1.8M+ annual revenue boost
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
RHK (ASX) Chart |
Day chart unavailable