That capital return bit was part of the proposal that Barrenjoey sent out to prospective activist investors earlier this year, but, yes, it also included taking a cleaner through the Board.
Agree though - something must give. If there were several underbidders for Saverglass at ~5%-10% below the eventual price, then there should be interest in ORA at roughly 50% lower than what it was trading at pre-bid (particularly when the overall market is up 20%).
Ann: Change in substantial holding, page-22
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Last
$2.39 |
Change
-0.020(0.83%) |
Mkt cap ! $3.210B | |||
| Open | High | Low | Value | Volume |
| $2.39 | $2.41 | $2.38 | $5.266M | 2.203M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 87937 | $2.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.40 | 27978 | 5 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| ORA (ASX) Chart |