As Giz and richardwth mentioned, the recent notice of the initial substantial holder is a very positive announcement, not just because of the 5% ownership but also due to the parties involved.
They undoubtedly have good industry knowledge and a long-term history with Pact. They have invested over $6 million since December 20, 2023, and have considerably more exposure through their existing holdings.It is a very positive step in reducing the probability of compulsory acquisition under the current offer.
Regarding Kiwi17’s reference to leveraging a future offer, I fully agree in terms of leverage, but I believe the stated number still considerably undervalues Pact. It wasn’t all that long ago that RG was accumulating shares in the $2-3+ range, and Pact is arguably in a much better position now in terms of future cash flow.
The crucial factor will be the figure the two parties, accounting for the 5% ownership, are willing to accept.
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- Ann: Becoming a substantial holder
Ann: Becoming a substantial holder, page-11
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Last
77.5¢ |
Change
-0.010(1.27%) |
Mkt cap ! $266.8M |
Open | High | Low | Value | Volume |
78.5¢ | 78.5¢ | 77.0¢ | $27.80K | 35.72K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 5926 | 77.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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81.0¢ | 549 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5926 | 0.770 |
1 | 66666 | 0.760 |
1 | 2200 | 0.700 |
2 | 28888 | 0.685 |
1 | 10000 | 0.610 |
Price($) | Vol. | No. |
---|---|---|
0.830 | 1 | 1 |
0.840 | 27837 | 3 |
0.845 | 42520 | 13 |
0.850 | 3425 | 3 |
0.860 | 46005 | 3 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
77.5¢ |
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Change
-0.010 ( 3.13 %) |
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Open | High | Low | Volume | ||
78.0¢ | 78.5¢ | 77.5¢ | 7117 | ||
Last updated 15.56pm 14/06/2024 ? |
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PGH (ASX) Chart |