pretty meaningfully positive development at FAR with the disclosure of a new 10% shareholder, Western Gate group, see here: https://announcements.asx.com.au/asxpdf/20230525/pdf/05q0v04m2168mv.pdf
looking at the purchase dates and prices, it seems fairly clear this is a vote for liquidation/capital returns rather than to keep spending $$ or buy something new. as it stands today, I think clearly Meridian is now outnumbered by the rest of the active register (at least 30-35% actively calling for liquidation/cap returns vs Meridian at 20%).
this seems quite likely to turn into a formal liquidation in the next six months. upside to liquidation today is >50% gross.
pretty meaningfully positive development at FAR with the...
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Last
47.0¢ |
Change
-0.015(3.09%) |
Mkt cap ! $43.43M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 47.5¢ | 47.0¢ | $9.995K | 21.23K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 82233 | 47.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 50000 | 1 |
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| Last trade - 15.00pm 27/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |