So your investment proposition in CCX now relies on BB? Sounds like more speculation to me. For argument's sake I think it's fair to say that if BB is interested then he'll be looking to acquire it at prices well below where you were originally calling it a Buy. After all, he's managed to acquire his 10% without any ongoing appreciation in the share price, has he not?
Having HNW individuals take an interest in your company isn't necessarily a great outcome for ordinary shareholders anyway. Just ask the ex-shareholders and shareholders in Ten Network and BWX.
If I was a HNW looking to acquire CCX I'd be waiting until the point of maximum pessimism and with more pain coming through in the wider economy and a recession being predicted by some I'm not sure we're there yet.
Will Brett Blundy Take The Company Private?, page-19
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $35.05M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 9.9¢ | $104.6K | 1.035M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 207173 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 778283 | 13 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| CCX (ASX) Chart |