Wouldn't management likely blame shareholders for not understanding the business and hence fall in share price?
The price paid was not dissimilar to that 10-years prior for Nova. That was a unique opportunity rarely likely to ever repeat.
SXL is much larger than Nova, and was purchased in much better health.
It's hard for me not to see this as a no-brainer, and not to side with management that shareholders just don't understand the business!
Ann: ARN Media acquires equity interest in Southern Cross Media, page-23
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Last
69.5¢ |
Change
-0.020(2.80%) |
Mkt cap ! $223.8M | |||
| Open | High | Low | Value | Volume |
| 70.0¢ | 71.8¢ | 69.5¢ | $2.903K | 4.152K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12158 | 69.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 72.5¢ | 2994 | 2 |
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| Last trade - 12.55pm 04/11/2024 (20 minute delay) ? |
| A1N (ASX) Chart |