Per my above comments, if this merger occurs and new shares are issued, SIG/CWH will immediately become the 60th largest company on the ASX, meaning index tracking funds MUST own a huge chunk of the company, pretty well immediately. You will be competing against thousands of others that want those newly listed shares, and we're not talking about $10k purchases either. They will need to buy a LOT of shares. Couple that with the fact that retail investors will be jumping in by the boatload due to the incredible performance/upside of both companies, I fail to see how SP will drop.
The fact that we're already witnessing index funds jumping in now (in a huge way) only supports this belief.
General Discussion, page-37
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Last
$1.27 |
Change
-0.005(0.39%) |
Mkt cap ! $2.064B | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.28 | $1.25 | $5.896M | 4.671M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 37550 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 118050 | 3 |
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| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| SIG (ASX) Chart |