Timing of this is interesting, with the AGM occurring tomorrow.
Although with a relatively small pool of retail shareholders and funds to hold them to account, I'm sure it will be the usual whitewash & positive spin-fest.
Regardless, it puts SXL in a tough position.
If the SXL share price returns to its pre-offer sp of ~75c, ARN could revisit this in a few months time and sweep the floor with a new low-ball offer. Seems to me that the current offer is exceedingly generous.
Timing of this is interesting, with the AGM occurring...
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Last
70.0¢ |
Change
0.020(2.94%) |
Mkt cap ! $219.1M | |||
| Open | High | Low | Value | Volume |
| 69.0¢ | 70.0¢ | 68.8¢ | $1.002K | 1.454K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7000 | 67.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 70.0¢ | 1030 | 1 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| A1N (ASX) Chart |