Hi Rocket973,
MLX currently have 2.36% of ABY, which is a long way from 20%.
Assuming that the majority shareholder won't sell their stake then MLX will have to suck up a large percentage of the free-float, c. 40% to achieve this 20% requirement.
However, if you're confident that they will achieve that level, or waive that requirement, then you're on-the-money and a good way to pay 90c for $1.02 as it currently stands.
Assessing the risk-reward of getting stuck with ABY if MLX pulls out vs. the profits from c. 13% arb is a judgement call ...
Cheers
John
What's the strategy with this move, page-6
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Last
38.5¢ |
Change
0.025(6.94%) |
Mkt cap ! $348.8M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.8¢ | 37.5¢ | $836.5K | 2.195M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 311665 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 120633 | 2 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| MLX (ASX) Chart |