hostile takeovers are really hard to do without something like 90% of control. Currently asx listed PGH is trying to do one and they have 87% of the shares but still can't compel holders to sell without offering a decent price.
side note - really decent volume of trades going on at the moment. Daily turnover of between $500k and $1M is huge for a company with a market cap of $40M.
there are some very interested parties vying for control of SRX.
Ann: Ceasing to be a substantial holder, page-4
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Last
17.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $74.27M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.0¢ | 17.5¢ | $224.5K | 1.248M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 6953253 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 2743037 | 9 |
View Market Depth
| Last trade - 15.03pm 24/07/2024 (20 minute delay) ? |
| SRX (ASX) Chart |