Bugger. Despite being a big advocate for the buyback this changes things enormously. Viburnum are offering a nil premium which is ridiculous but their 35% holding gives them a lot of clout going forward. The BoD can't afford to give them any more of the company as their percentage holding increases with the buyback. Stop the buyback immediately and return all surplus cashflows to shareholders via dividends going forward. Either Viburnum accepts that or they have to offer a sizeable premium to get over 50%...I'm talking at least 30%...ie 63c a share
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Last
59.0¢ |
Change
-0.010(1.67%) |
Mkt cap ! $112.4M | |||
| Open | High | Low | Value | Volume |
| 59.0¢ | 59.0¢ | 58.0¢ | $19.61K | 33.59K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10002 | 58.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.5¢ | 29513 | 1 |
View Market Depth
| Last trade - 14.33pm 25/07/2025 (20 minute delay) ? |
| GTN (ASX) Chart |