If they sell, Saputo will likely try to take the company private & delist from the stock exchange. (from what I've read)
If MG holds onto it, they'll be holding onto a company with a P/E ratio of 60+.. which is obviously grossly overpriced.
The market will likely correct sharply to reflect WCB's real value. Maybe 10-20 P/E is average for a dairy producer. Saputo is at around 13 P/E
Personally, I can't really see MG holding onto to any stock...
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Last
$4.32 |
Change
-0.100(2.26%) |
Mkt cap ! $1.316B | |||
| Open | High | Low | Value | Volume |
| $4.34 | $4.37 | $4.30 | $1.706M | 394.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1234 | $4.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.34 | 2244 | 1 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| BGA (ASX) Chart |