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27.3¢ genex power limited

Ann: J-POWER receives FIRB approval for acquisition of Genex, page-13

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bigdaddymoney

496 Posts.

40

17/06/24

18:46

Post #: 74357234
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Originally posted by SouthernLad: ↑

I haven’t seen any indication on how Skip intends to vote, but agree unless they support the Scheme of Arrangement that it is dead in the water. No doubt J-Power has tried (and to date failed) to get Skip to agree to the 27.5 cos on offer. The back up takeover offer stands a good chance of getting to 50.1% acceptance without Skip, which would require Skip to be happy to stay in as a minority shareholder.

Another scenario is not beyond the realms of possibility, namely that Skip joins in with J-Power and that they can convince 75% of non J-Power and Skip shareholders to agree to the scheme which means they end up with 100% ownership between them. Once votes start rolling in and J-Power can read the tea leaves, expect the J-Power/Skip behind the scenes negotiations to begin in earnest. Skip probably holding out to maximise their bargaining position with J-Power.

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My take is that JPower wouldn't try this unless they have Skip on board.
Fingers crossed the I have the wrong take.

GNX Price at posting: 27.0¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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(20min delay)
Last 27.3¢		Change 0.003(0.93%)		Mkt cap ! $377.4M

Open	High	Low	Value	Volume
27.5¢	27.5¢	27.0¢	$37.44K	137.1K

Buyers (Bids)

No.	Vol.	Price($)
39	88609334	27.0¢

Sellers (Offers)

Price($)	Vol.	No.
27.5¢	10028262	70

View Market Depth

No.	Vol.	Price($)
39	88609334	0.270
8	1677022	0.265
5	65442	0.260
2	41970	0.255
4	319000	0.250

Price($)	Vol.	No.
0.275	10028262	70
0.280	2465219	17
0.285	54052	5
0.290	135745	4
0.295	122000	1

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