WAM latest announcement may indicate what they wanted MYR share sale proceeds for or maybe not, if there is no cash involved in the transaction just WAM shares diluting their shareholders interests - so maybe they want to appease their shareholders with extra dividend or something thus cash injection from MYR shares ? :
"Sept 28 (Reuters) - WAM Capital (WAM)ROPOSED OFF-MARKET TAKEOVER BID FOR PM CAPITAL ASIAN OPPORTUNITIES FUND LTDUNDER THE OFFER ACCEPTING PAF SHAREHOLDERS WILL GET 1 WAM CAPITAL SHARE FOR EVERY 1.99 PAF SHARESSCHEME REPRESENTS A$1.095 PER SHARE OF IMPLIED VALUE TO PAF SHAREHOLDERS"
Ann: Ceasing to be a substantial holder from WAM WGB WMI WAX, page-11
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Last
78.0¢ |
Change
-0.060(7.14%) |
Mkt cap ! $648.8M | |||
| Open | High | Low | Value | Volume |
| 78.0¢ | 81.0¢ | 76.5¢ | $4.788M | 6.123M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 15634 | 77.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.0¢ | 130460 | 2 |
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| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| MYR (ASX) Chart |