I don't get it, Kerr is quite deliberately stepping aside because goofing around with $600m of your own money is just a lot more fun than dealing with $17bn of clients' money and all the BS that comes with it.
He's clearly in discussions with key players as a major shareholder but he's delegated the job of running the business to others which is wise - I would say that as I've essentially done the same thing with PTM on a much smaller scale of course.
What's the advantage of going private?
It's hard to see this as a takeover because it's not hard assets it's largely intangible but I agree it's a reasonable probability as obviously there's a lot going on in the sector and it's out of favour (IMO).
Ann: 2023 Full-Year Financial Results Analyst Presentation, page-22
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$1.05 |
Change
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Mkt cap ! $608.3M | |||
| Open | High | Low | Value | Volume |
| $1.04 | $1.06 | $1.04 | $1.067M | 1.020M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 25145 | $1.05 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.06 | 6944 | 2 |
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