These here are crazy times, but I'm amazed VRL haven't reported the cancellation of these $4.00 per share bids. The offers were non-binding and the 30 day VWAP will now be around $2.00 - so there's no way the offers will carry through. Bigger question is, what's the actual value of the company now? If there's a saving grace for us it's timing - low season for theme parks. There will still be a big impact and revenue will surely be hit at cinemas too. $1.93 seems insanely low to me, time will tell.
- Forums
- ASX - By Stock
- VRL
- Ann: Receipt of Indicative Proposal
Ann: Receipt of Indicative Proposal, page-23
-
- There are more pages in this discussion • 28 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VRL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online