the question is whether the large shareholder wants to exit. I imagine one could offer as many of the shares and you would get a prorated scale back depending on demand. If it was at 16c and take up was low from retail , it could offer opportunity for TS to exit more of their holdings.
mere speculation as I have no idea about Anyones thinking . I agree though the higher the SP is and closer to 16c , the higher a buyback price would need to be
How Big will Distribution be, page-7
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Last
19.5¢ |
Change
0.005(2.63%) |
Mkt cap ! $316.9M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.5¢ | 19.0¢ | $60.34K | 313.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 372735 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 665770 | 9 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| HZN (ASX) Chart |