Yes the premium is hard to understand when A1N is also near its all time lows. This is especially so given they hadn't bought any stock at market to average down before the raid.
Maybe just buy back more A1N stock? Or pay out more fully franked divs given the $88m franking credit balance. Don't know about everybody else but I don't like lending money to the Federal Govt at 0%.
Ann: ARN Media acquires equity interest in Southern Cross Media, page-4
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Last
60.5¢ |
Change
-0.010(1.63%) |
Mkt cap ! $189.3M | |||
| Open | High | Low | Value | Volume |
| 62.5¢ | 62.5¢ | 60.0¢ | $26.68K | 44.44K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5410 | 60.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.0¢ | 2000 | 1 |
View Market Depth
| Last trade - 15.16pm 23/08/2024 (20 minute delay) ? |
| A1N (ASX) Chart |