Very opportunistic offer for mine, almost insulting. Current price is 2.7x sales. Still growing well. The board would surely have rejected this offer immediately if it wasn't from one of their biggest shareholders with a seat on the board.
I presume they are assembling this special committee to 'consider' the offer to show some respect to this company before they say no, maybe avoid a risk SQN sells down their holding from a rejection. Acceptance would be a massive failure of looking after the interests of shareholders.
Can't imagine they have other material offers in the works, otherwise we'd know about them, and if they were better, surely SQN wouldn't waste its time making an offer for a price lower than others they'd seen coming to the board informally already.
Time will tell. Let's just hope they don't screw this up.
- Forums
- ASX - By Stock
- BTH
- Ann: Unsolicited,Non-Binding,Conditional Offer from SQN Investors
Ann: Unsolicited,Non-Binding,Conditional Offer from SQN Investors, page-13
-
- There are more pages in this discussion • 21 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 BTH (ASX) to my watchlist
|
|||||
Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $94.49M |
Open | High | Low | Value | Volume |
11.5¢ | 12.0¢ | 11.5¢ | $8.524K | 73.57K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 54711 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 883182 | 30 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 54711 | 0.115 |
19 | 363405 | 0.110 |
8 | 179389 | 0.105 |
31 | 988083 | 0.100 |
2 | 20101 | 0.099 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 883182 | 30 |
0.125 | 264321 | 11 |
0.130 | 246597 | 9 |
0.135 | 82000 | 4 |
0.140 | 362522 | 8 |
Last trade - 13.59pm 15/08/2024 (20 minute delay) ? |
Featured News
BTH (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online