I sold mine today too. Free up some cash to pick up whatever remnants remain after this latest Russian/Ukraine crisis sell out.
After some thought, I reckon $22 is all we are gonna be offered. Very very unlikely a competing offer will come to fruition given the blocking stake of 78%+ held by Hochtief. Not very attractive for other potential acquirers.
If institutions sell, then likely they will hit the requisite 90%. So probably better to collect the cash now and put it to better use.
[Sorry status meant to say Not Held now]
- Forums
- ASX - By Stock
- CIM
- Ann: Intention to Make Takeover Bid
Ann: Intention to Make Takeover Bid, page-44
-
- There are more pages in this discussion • 25 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 CIM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online