No, COE didn't reduce it's holdings. Bass had a capital raising that COE didn't take part in, and were diluted as a result. I don't see the need for them to be splashing cash on corporate activity right now. Give it a few months for Sole to switch on and start delivering cash and we can talk, but it's a little too soon right now.
Also, if they increased their holding above 20% like you're suggesting, they automatically have to make a takeover offer.....that's definitely not something we want them doing right now.
Cheers
Ann: Change in substantial holding for BAS, page-3
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Last
22.5¢ |
Change
-0.005(2.17%) |
Mkt cap ! $594.0M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 22.0¢ | $2.520M | 11.13M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 440460 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 457000 | 5 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| COE (ASX) Chart |