ICN 0.00% 0.6¢ icon energy limited

fin review page 20, page-3

  1. 21,342 Posts.
    lightbulb Created with Sketch. 2084
    Nice to see latest Top 20 shareholders list has "old" Top 20 increasing total holdings to 28.39%. Most of those are very old holders and "loyal," so at least that should prevent a "hostile" TO from getting enough to compulsorily acquire with first offer.
    So, IF there is a hostile TO offer, that should "protect" SH from a really cheap wipe out and it could also bring other players into the game to at least make it competitive.
    I still don't see that in the immediate future, but, I bet that management are looking over their shoulders.
 
watchlist Created with Sketch. Add ICN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.