y0jimbo - this has been speculated on a couple of times over the years. Now I am far from an expert, but my feeling is that it won't happen at this point in time . Adrian DiMarco and John Mctaggart hold roughly 26% ( although they did sell 3m shares (1%) back in November on market). I would think only if they are willing to sell will it happen. Hypernion hold around 12%.
At a prospective P/E multiple of around 40 it would be a big price for any suitor.
But let's face it, TNE is a great company and anything is possible.
I guess at some stage up the track it will happen.
but DYOR
Riv
TNE becoming a Target Company???, page-19
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Last
$18.60 |
Change
0.150(0.81%) |
Mkt cap ! $6.061B | |||
| Open | High | Low | Value | Volume |
| $18.45 | $18.70 | $18.43 | $19.53M | 1.050M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 750 | $18.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.60 | 3730 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| TNE (ASX) Chart |