I think Dma was intending to say that Robert Hunter is now a 'significant' shareholder. While he knows the present share price is amazingly cheap, RH's other purpose may be to build his holding so that there cannot be a hostile TO. When a company has an excellent range of products and begins to have a world footprint, other (larger) companies start taking notice. It is protection against this vulnerability.
After a Rights Issue or a SPP, a company normally plans to make a significant ASX announcement to give shareholders confidence with their increased holding. If the company does not do this (and PLT hasn't), people begin to offload after a time and this is now happening.
Juke
2 directors interest notices, page-9
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Last
74.5¢ |
Change
0.025(3.47%) |
Mkt cap ! $130.6M | |||
| Open | High | Low | Value | Volume |
| 72.0¢ | 74.5¢ | 72.0¢ | $1.122K | 1.53K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20313 | 71.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 73.0¢ | 13716 | 1 |
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| Last trade - 10.34am 05/08/2024 (20 minute delay) ? |
| PLT (ASX) Chart |