@cartsy16
FYI someone else put this together showing the value of LRS shares for different PLS share prices. Theoretically we are worth 20 - 20.5 cents a share at Fridays closing price of $2.9 for PLS.
However, our close at 19 cents represents a 5% discount to future value due to time value and I guess some kind of risk discount for the chance that the bid somehow doesn’t go through.
TBH, if the PLS bid became 0.09-0.11 PLS shares for each LRS, I’d be over the moon (as it would mean LRS shares would be valued closer to 28-30 cents a share). But you are right in saying that if the PLS share price simply rises, that this would also be a positive upside for LRS holders (although any meaningful price rise for PLS seems pretty unlikely right now IMO).
im no expert on takeovers but trading at 5% discount to the eventual takeover price is relatively modest (which I assume means the market places a high confidence level on this deal being approved).
I’m using next week to weigh up the likelihood of a counter offer, but as I mentioned yesterday, I ultimately place very low probability on this being the case.
LRS General Discussion, page-18798
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Last
20.5¢ |
Change
-0.010(4.65%) |
Mkt cap ! $574.2M |
Open | High | Low | Value | Volume |
21.5¢ | 21.5¢ | 20.5¢ | $2.300M | 10.91M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 524382 | 20.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.0¢ | 308712 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 324382 | 0.205 |
10 | 3483920 | 0.200 |
7 | 658850 | 0.195 |
10 | 2562070 | 0.190 |
6 | 1331030 | 0.185 |
Price($) | Vol. | No. |
---|---|---|
0.210 | 297604 | 4 |
0.215 | 168763 | 4 |
0.220 | 2148680 | 11 |
0.225 | 1179030 | 5 |
0.230 | 1620242 | 15 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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