re: ftse live 3363 I'm now tipping that if the AMP falls much further, then Treasurer Costello will approve a special dispensation under Four Pillars that will allow for The National to take a key 30% stake in the business, fixed for a period of years (ie: 3 -5 years), following which, The National will then be free to launch a full takeover bid. The flipside to this, however, will be that The National's shareholding stake would be in the form of preferential capital sufficient in nature to qualify as Tier 1 capital.
My suggested recapitalisation price for this to occur - a 15% discount to Friday's closing price. That would make for an effective recapitalisation price of $4.75, based on a Friday close of $5.60 (ie: 56c below tonight's close).
ftse falling... poor amp, page-32
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Last
$1.52 |
Change
0.030(2.02%) |
Mkt cap ! $3.835B | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.52 | $1.50 | $11.53M | 7.635M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 90867 | $1.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.52 | 194011 | 17 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| AMP (ASX) Chart |