I would like to see 40c, I expect it to be at least a 30% premium to acquiring company on a relative basis. I think the big push will be synergies/best interest of both shareholder groups/greater index weighting/fund participation yada yada - I expect it to be similar pitch to DYL’s attempt on VMY just a higher premium. All true of course. It wouldnt surprise me if PENs already in the 30-35c range by Feb so the 40c valuation for scrip offering certainly sounds plausible. I’ll likely continue to hold… maybe sell a small portion to lock in some gains.
M&A, page-13
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $334.4M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $489.0K | 4.692M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 111 | 12879379 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 2235299 | 23 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |