Almost makes you wonder if it is all to plan. BKW and M&G own 27%. M&G sold a fair bit to BKW in the 20% accumulation. There is always that pesky problem of having to do CRs, and all the disclosure issues that come with a listed entity.
FBR runs from this time last year at 1.8c to 5.5c in 3 months with about the most supportive non-takeover I have seen. BKW get 20% and then absolutely nothing about the new machine except it is working and M&G get a special raise for 3 more machines at 3.3c.
Pivacs, BKW, M&G, senior management and FIL would own over 50% of FBR, this doesn’t seem like many people that have to get into a room to sort something out an offer from BKW, new private entity or whoever.
If this new machine is as good as they say it is, I cannot see how FBR makes it without a BKW scrip bid or a new private entity scooping it up. The tax losses alone would be a big part of any takeover.
mid the new machine is no good then at least BKW and M&G dusted their cash as well. I hold as I think there is a fair bit of news to come and doesn’t seem like a good time to sell.
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Last
3.8¢ |
Change
0.004(11.8%) |
Mkt cap ! $182.0M |
Open | High | Low | Value | Volume |
3.5¢ | 3.8¢ | 3.4¢ | $486.4K | 13.24M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 375015 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.8¢ | 215170 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1700 | 0.043 |
2 | 1000000 | 0.039 |
4 | 1031000 | 0.038 |
2 | 110000 | 0.037 |
11 | 1578624 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.038 | 215170 | 1 |
0.039 | 757821 | 6 |
0.040 | 2877510 | 7 |
0.041 | 578119 | 4 |
0.042 | 878599 | 4 |
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