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SXY senex energy limited

0.00%

$4.60

Ann: Becoming a substantial holder, page-5

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101 Posts.

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18/02/22

22:23

Post #: 59674001
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Originally posted by Gwaihir: ↑

They used to be Colonial First State Investor, a subsidiary of the Commonwealth Bank, however in 2019 a significant portion of it was also sold to Mitsubishi group. I'd therefore expect that there might be some tie-up between Gina's companies and Mitsubishi group, and possibly POSCO and Mitsubishi, bearing in mind that Mitsubishi Korea (South Korea) is also a wholly owned subsidiary of the Mitsubishi group. I'd therefore expect First Sentier to vote for the scheme and takeover at $4.60.

Gw

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There is no tie-up. First Sentier are just buying SXY to park excess Cash with downside risk very low. Gets a better return than Cash and there is the potential for a second bidder. Will almost definitely vote FOR.
And if there was a connection (as defined byCorps Law), First Sentier would be prohibited from voting.

SXY Price at posting: $4.61 Sentiment: Buy Disclosure: Held
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Ann: Becoming a substantial holder, page-5

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