For illustrational purposes only, as figures (and names) may differ.
Huayou got 180 million odd shares for $15,000,000. That is 7c per share.
If they effectively disposed off the whole lot, at an average say of 20-25c for the purpose of capping, they would have made a neat $30,000,000++ profit, which is a lot more than a quid.
However, their main gain would come in the case of a TO by them. If their capping manages to stunt SP growth by a mere 5c, then at a modest 50% premium they will be saving $165,000,000 (2.2bb shares X 0.05 X 150%) in take over money. And, that is impressive !
Welcome aboard.
- Forums
- ASX - By Stock
- AVZ
- Running Commentary on the SP Movements.
Running Commentary on the SP Movements., page-10502
-
- There are more pages in this discussion • 8,052 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)