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How do you know they favour liquidation?

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alex123711

558 Posts.

22

25/05/23

20:48

Post #: 67968530
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Originally posted by puppyeh: ↑

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.

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How do you know they favour liquidation?

FAR Price at posting: 71.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 43.5¢		Change 0.000(0.00%)		Mkt cap ! $41.58M

Open	High	Low	Value	Volume
44.0¢	45.0¢	43.5¢	$164.4K	374.8K

Buyers (Bids)

No.	Vol.	Price($)
1	1000	44.0¢

Sellers (Offers)

Price($)	Vol.	No.
44.5¢	17644	3

View Market Depth

No.	Vol.	Price($)
1	1000	0.440
2	89085	0.435
2	48608	0.430
1	50000	0.425
2	79261	0.420

Price($)	Vol.	No.
0.445	17644	3
0.450	118563	8
0.460	1260	1
0.475	25383	1
0.480	3200	2

Last trade - 15.09pm 03/05/2024 (20 minute delay)


Last 44.0¢			Change 0.000 ( 1.15 %)
Open	High		Low	Volume
44.0¢	44.5¢		43.5¢	82596
Last updated 15.10pm 03/05/2024 ?

FAR (ASX) Chart