Lots of rose coloured glasses assumptions being made by the consortium.
ARNs share price has been in a downward spiral since Jan '22. The share price experienced a temporary boost after the SXL offer, but since then its continuing to make record lows almost every other week.
This will be a Grant Broadcasters acquisition all over again! My prediction is, that if the offer is accepted, the ARN newco MC will be $350m, or less, with more dilution, in 12 months time.
This is shaping up to be a disaster for all LT holders in both companies imho.
Id like to know if this acquisition is being driven by the ARN board or Anchorage and their buddies at Spheria?
Ann: A1N:Update on Non-Binding Indicative Proposal to Acquire SCA, page-6
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Last
65.0¢ |
Change
0.020(3.17%) |
Mkt cap ! $153.5M | |||
| Open | High | Low | Value | Volume |
| 63.5¢ | 65.5¢ | 63.5¢ | $77.49K | 120.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 3843 | 65.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 65.5¢ | 694 | 3 |
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| Last trade - 11.52am 11/07/2024 (20 minute delay) ? |
| SXL (ASX) Chart |