Australia's largest stock trading and investment forum Australia's #1 stock forum

CVN

Click for more information

2.38%

21.5¢ carnarvon energy limited

Ann: Addendum to the Notice of Meeting for Annual General Meeting, page-55

First 55 Last

Share
Profile

Follow
magpie4ever

3,409 Posts.

493

23/10/20

18:13

Post #: 48345772
Share

Originally posted by BLUTO: ↑

Hi Magpie forever, you could very well be right, it's been a couple of decades since I worked in the industry. Used to be you couldn't own 20% of listed capital without launching a takeover bid, and if you reached 90% then the remainder was compulsory acquisition, not too sure today, I'm sure you could google it. My point stays the same though. Once you have 10% (or X% if I'm wrong), any one wishing to mount a takeover, hostile or otherwise would need to include you in the process, very difficult to be successful without your consent. So you may be able to swing a bit of a better deal, That's all I'm trying to say.
All the best.

Expand

Hi mate, I think it is 70% of ownership before you can request a T/O bid be put up before the directors to be place before the remaining shareholders.

CVN Price at posting: 26.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 1 more message in this thread...

First 55 Last

Add CVN (ASX) to my watchlist

(20min delay)
Last 21.5¢		Change 0.005(2.38%)		Mkt cap ! $389.0M

Open	High	Low	Value	Volume
21.0¢	22.5¢	21.0¢	$3.035M	13.80M

Buyers (Bids)

No.	Vol.	Price($)
19	742847	21.5¢

Sellers (Offers)

Price($)	Vol.	No.
22.0¢	831335	16

View Market Depth

No.	Vol.	Price($)
14	731424	0.215
23	1384892	0.210
7	1241956	0.205
15	1577807	0.200
16	1106031	0.195

Price($)	Vol.	No.
0.220	831171	15
0.225	1507208	15
0.230	1677912	25
0.235	342350	8
0.240	427250	7

Last trade - 15.51pm 14/05/2024 (20 minute delay)


Last 21.5¢			Change 0.005 ( 2.38 %)
Open	High		Low	Volume
21.0¢	22.5¢		21.0¢	7327241
Last updated 15.59pm 14/05/2024 ?

CVN (ASX) Chart