As Giz and richardwth mentioned, the recent notice of the initial substantial holder is a very positive announcement, not just because of the 5% ownership but also due to the parties involved.
They undoubtedly have good industry knowledge and a long-term history with Pact. They have invested over $6 million since December 20, 2023, and have considerably more exposure through their existing holdings.It is a very positive step in reducing the probability of compulsory acquisition under the current offer.
Regarding Kiwi17’s reference to leveraging a future offer, I fully agree in terms of leverage, but I believe the stated number still considerably undervalues Pact. It wasn’t all that long ago that RG was accumulating shares in the $2-3+ range, and Pact is arguably in a much better position now in terms of future cash flow.
The crucial factor will be the figure the two parties, accounting for the 5% ownership, are willing to accept.
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As Giz and richardwth mentioned, the recent notice of the...
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81.5¢ |
Change
-0.010(1.21%) |
Mkt cap ! $280.5M |
Open | High | Low | Value | Volume |
80.5¢ | 82.0¢ | 80.5¢ | $10.69K | 13.20K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 24983 | 81.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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82.5¢ | 50 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 12422 | 0.810 |
2 | 7303 | 0.805 |
3 | 2006 | 0.800 |
4 | 24027 | 0.790 |
1 | 1457 | 0.785 |
Price($) | Vol. | No. |
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0.825 | 50 | 1 |
0.830 | 120 | 1 |
0.845 | 171 | 2 |
0.850 | 28807 | 6 |
0.860 | 18851 | 2 |
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