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
$1.30 |
Change
0.020(1.57%) |
Mkt cap ! $2.113B | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.30 | $1.27 | $6.206M | 4.825M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 25348 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.30 | 386676 | 19 |
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| Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
| SIG (ASX) Chart |