I hear what you are saying.
But Bain was just being opportunistic. I remember on UWL there were multiple TO offers. BAP has a great business...that has had a few things not go as well as expected. Hopefully with this new management (third attempt!!) Angus can steady the BAP ship and push it forward again. But this will take 1-2 years before it is reflected in the SP (IMHO).
In the short term.....another TO offer will be the only thing to push the SP up. Maybe Bain will put forward a realistic offer. And like UWL, maybe other players will come out and make offers. A super fund like Aware super love these cash generation businesses. Fingers crossed!
Ann: Rejection of non-binding indicative proposal, page-3
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Last
$5.29 |
Change
-0.110(2.04%) |
Mkt cap ! $1.795B | |||
| Open | High | Low | Value | Volume |
| $5.39 | $5.40 | $5.28 | $2.911M | 545.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2504 | $5.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.35 | 2776 | 2 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| BAP (ASX) Chart |