Not so sure. If the AFR article is correct in saying a “script bid” is on the table, the take-over offer implies that shares may be offered to BBT shareholders partly or wholly in place of cash. This means that, if a take over bid is accepted by BBT shareholders, they may receive shares in the new merged entity.
However, the big question for us retail shareholders is what ratio will a new entity offer us for our shares. In my humble opinion BBT has significant negotiation leverage in (1) its IP (wagering software platform) and (2) licensing arrangements/approvals already in place in several US states, which are (3) very sizeable and growing markets. Putting a value on 1 to 3 plus (4) our domestic market share needs to be acceptable and true value for BBT shareholders.
More will be revealed in coming days.
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Last
19.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $106.7M |
Open | High | Low | Value | Volume |
19.0¢ | 19.0¢ | 18.5¢ | $55.25K | 291.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 58951 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.5¢ | 26471 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 260893 | 0.185 |
2 | 16661 | 0.180 |
1 | 5708 | 0.175 |
2 | 59045 | 0.170 |
1 | 2028 | 0.165 |
Price($) | Vol. | No. |
---|---|---|
0.205 | 26471 | 1 |
0.210 | 184165 | 3 |
0.220 | 183733 | 3 |
0.230 | 33400 | 2 |
0.235 | 31315 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
BBT (ASX) Chart |
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