I agree with both you and john123. This is another ar*e covering letter from the IBC, who seem to be bending over backwards to assist the bidder. Even the words they choose are loaded: today’s letter said “almost” 86.9% to suggest how high that is, and the last one said “over” 85% to imply such great progress had been made towards 90%. What the IBC carefully avoids stating is the objective fact that in the time from COB on 2 Feb to COB 16 Feb bidder moved from 85.12% to 86.8% = 1.7% in two weeks.
The IBC should just shut up: its role is NOT to act as cheerleader for the bidder.
Ann: Takeover offer for PGH - Letter to shareholders, page-10
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Last
74.5¢ |
Change
-0.020(2.61%) |
Mkt cap ! $256.4M | |||
| Open | High | Low | Value | Volume |
| 76.5¢ | 76.5¢ | 74.0¢ | $25.95K | 34.16K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9791 | 74.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 75.0¢ | 654 | 1 |
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| Last trade - 15.45pm 25/06/2024 (20 minute delay) ? |
| PGH (ASX) Chart |