From a news article
"It is against this backdrop that the current board - comprising Christan, Emanuel Ajay Datt and Paul Clark - knocked back the takeover proposal, which Stake has confirmed was made on 17 September."
So it seems that Stake made the bid a month ago, the company didnt report it and then initiated a buy back scheme lower than the bid price. Then and only when a news article came out, decided to announce that there was a takeover bid a month earlier? It is just me or would this be considered insider trading?
From a news article"It is against this backdrop that the current...
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Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $27.86M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 12.0¢ | $2.11K | 17.58K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12789 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 286540 | 3 |
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| Last trade - 12.55pm 18/07/2024 (20 minute delay) ? |
| SWF (ASX) Chart |