Ann: AS1 receives indicative, non-binding & conditional proposal, page-5

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glendronach

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20/12/21

14:40

Post #: 58413703
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Originally posted by dabozza: ↑

I think it's a very savvy bid from Laguna, who has been a major shareholder and had their eyes on the assets. Obviously they have been in discussion for some time, because they reckon they have stitched up the founder/CEO to be on board (that was my reading of it). Also, timing was pure class - wating for some dude to eat 41 oysters at lunch, get such bad food poisining he temporarily blinds himself, and then PIRSA is forced to shut the entire industry. They lost around $400k of revenue according to my estimates, and around $4.5m of market cap.

My number crunching spat out around 17c being fair value, but essentially they are paying a slight premium to the book value. Long term shareholders may be miffed because this could be a decent compounder for next few years. I bought on the current recent dip, so getting a +50% premium in <1 month is a very lucky/decent return for me. So happy holder. Won't be selling out, because there is a small but material chance a counter offer comes in. GLTAH.

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this is a crap opportunistic offer. 24c more realistic given intrinsic val of co. Surely they are going to reject this. I will certainly be on the phone to them. They are chocabloc saturated in beautiful plump grade A1 oysters just waiting to be sold. All the covid issues behind them.

AS1 Price at posting: 18.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.8¢		Change 0.000(0.00%)		Mkt cap ! $17.93M

Open	High	Low	Value	Volume
1.8¢	1.8¢	1.8¢	$2.02K	112.1K

Buyers (Bids)

No.	Vol.	Price($)
1	725078	1.8¢

Sellers (Offers)

Price($)	Vol.	No.
1.9¢	195000	1

View Market Depth

No.	Vol.	Price($)
1	725078	0.018
1	300000	0.017
3	554548	0.016
2	900000	0.015
1	1000000	0.014

Price($)	Vol.	No.
0.019	195000	1
0.020	36468	1
0.021	60403	1
0.022	768110	2
0.024	176901	2

Last trade - 15.17pm 13/11/2024 (20 minute delay)

AS1 (ASX) Chart

Ann: AS1 receives indicative, non-binding & conditional proposal, page-5

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Ann: AS1 receives indicative, non-binding & conditional proposal, page-5

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