Hi,
Regarding takeover potential - You are right in so far as the Share register is wide open, but it would take a very special kind of bidder to be interested, because Alcoa owns 60% of the AWAC venture even though they don't own any AWC (AWC owns 40% of AWAC. So Alcoa would by far, be the most logical suiter. Anyone else would have a lot to work through and would be buying control of something they wouldn't have control of.
Just FYI - The 2 largest shareholders in AWC are Perpetual (PPT) and Shroders, both with just over 5% each.
But here's the kicker Just under 5% of the entire AWC stock is shorted at this time! And that doesn't account for Shorts that aren't reported and derivative positions.
However, we might have to be patient. Its a good one IMO.
why dont people read the coy reports, page-7
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Last
$1.77 |
Change
-0.015(0.84%) |
Mkt cap ! $5.179B | |||
| Open | High | Low | Value | Volume |
| $1.79 | $1.80 | $1.77 | $7.622M | 4.283M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4734 | $1.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.77 | 72748 | 7 |
View Market Depth
| Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
| AWC (ASX) Chart |