Pretty valid question you ask. A walk away from the proposed acquisition would send a message to the market about where the company sees medium /LT demand & growth for its IF product. At a cost of $275m my recollection is that we have until 30/6/21 to decide to proceed or not. I’d suggest a lot of posters here would see a better utilisation of the funds ie a buyback or dividend. The new CEO may have some early headaches - trust he is up to the challenge.
Ann: Updated 1H21 and FY21 guidance, page-130
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$6.25 |
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Mkt cap ! $4.525B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | $6.77 | $6.05 | $550 | 100 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 230 | $6.56 |
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| Price($) | Vol. | No. |
|---|---|---|
| $6.00 | 50 | 1 |
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