Before the announcement of the Pendal acquisition, share price was around $30. After that, it fell to a low of $23. Now its up to around $31 after the Regal offer, no thanks to this board. The board doesn't seem to be doing a good job for a company they state is significantly undervalued. If the board doesn't explore this offer seriously or enhance the share price, I predict there will be some shareholder class action to come.
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Ann: Rejection of revised non-binding indicative proposal, page-14
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$19.15 |
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1 | 450 | 19.100 |
1 | 1440 | 19.070 |
3 | 2602 | 19.060 |
1 | 1440 | 19.040 |
Price($) | Vol. | No. |
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19.160 | 1440 | 1 |
19.170 | 2602 | 3 |
19.190 | 1440 | 1 |
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19.280 | 264 | 1 |
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