This is a great return to work for Tony Pitt in 2021. TGP is quickly becoming my favourite holding, as there's always plenty of action! I hope this one goes through.
I enjoyed this excerpt from the announcement:
We recognise that many of you have lost significant amounts of capital as E&P Shareholders. By accepting the Offer and receiving TGP Securities as part of the Offer Consideration you will be able to participate in the value created by the Proposed Restructure of E&P through the formation of two simplified businesses and removal of any existing conflicts of interest. 360 Capital has identified and executed on similar opportunities several times before, for example:
- acquisition of 19.9% stake in TGP and its associates for $0.33 per share in 2009, making an $0.80 per share capital distribution to all shareholders and recapitalising TGP as 360 Capital, which is now trading at $0.905 per security
- acquisition of Becton’s funds management business in 2010 for $28.9m and selling it for more than $300m in early 2017
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Last
64.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $125.9M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 54866 | 63.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 64.0¢ | 44936 | 1 |
View Market Depth
| Last trade - 16.21pm 29/07/2025 (20 minute delay) ? |
| TGP (ASX) Chart |
Day chart unavailable