Ann: AVL INCREASES SCHEME CONSIDERATION TO BEST & FINAL PROPOSAL, page-40

First 40 Last

Share
Profile

Follow
whatsnext

3,725 Posts.

263

12/12/23

14:48

Post #: 71406598
Share

Originally posted by LewisB: ↑

There’s still a ~12% declared no vote, which means you’d need a 36% yes vote. They have 39.9% including the board declared yes votes.

Honestly it might not be enough, it’ll go close. Votes are typically poorly attended, and people will likely be more inclined to turn up to vote no than yes (we’ll be able to see this come the vote whether I’ve got it right or wrong).

Some people have posted that AVL’s usage of the term “best and final” means they legally can’t increase it. This is correct although they may be able to propose a new scheme with an increased offer, however we would have to pay all the exit fees applicable to this offer.

I feel offering 14 with that terminology is a bit of a line in the sand. Seems the new AVL management are going to be better at keeping a tight registry that TMT.

the question I’ve got to answer for myself between now and January is will i make more money with AVL at 14:1 than I will holding my TMTs, at 12:1 I was firmly of the opinion that I was handing multiples over. A 16.6% increase is not to be sniffed at, and if it returns a slightly smaller return in a shorter timeframe with less risk than TMT alone that’s well worth considering. As many people have said before the opportunity cost in TMT and AVL has been tough so far.

Expand

I understand a large number, if not all the original shareholders who lodged forms with intention to vote NO will now be voting YES under the improved offer. I don’t recall what the percentage held was.

TMT Price at posting: 25.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

HotCopper Highlights: Your most watched and most discussed stocks this week

FG1

Flynn Gold reaches milestone exploration target for Golden Ridge

Trump is President Again: What Does This Mean for Crypto?

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

UBI

Universal Biosensors flat despite fresh deal with US medical product distributor

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

IMU

Imugene kicks off Australian trial for blood cancer treatment

MMI

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m