I might me wrong, but it feels like a compliance bid to me, under the corporations law if they are over a certain % ownership and buy more shares they must offer all shareholders the same price. Suspect they were offered a line and had to make the off market bid as a result. Can't see how they would want to run and own 100% of this business?
Anyhow, any shareholder who accepts this bid would be a fool IMHO.
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Last
60.0¢ |
Change
-0.015(2.44%) |
Mkt cap ! $114.5M | |||
| Open | High | Low | Value | Volume |
| 61.0¢ | 61.0¢ | 60.0¢ | $30.00K | 50K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5260 | 57.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.0¢ | 24813 | 2 |
View Market Depth
| Last trade - 15.59pm 20/06/2025 (20 minute delay) ? |
| GTN (ASX) Chart |