Hope it all turns out well!
The big difference in your investment approach compared to Axiomax and a lot of others is that it appears you would be satisfied with an exit price at a 50% premium to current prices.
Axiomax and others are thinking there is a lot more inherent value in the business, where a value at over $1 a share is more appropriate.
Hence the risk of some shareholders accepting a PRY bid such as yourself, where others don't, leading to the risky position of a substantial interest in the stock held by PRY which provides PRY with 'de facto' control (similar to the West Australian Newspapers situation) and therefore a permanently low PE multiple on an ongoing basis.
Its a big issue for the long term holders of VEI and those that care about long term value appreciation.
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Last
$1.45 |
Change
-0.023(1.53%) |
Mkt cap ! $1.052B |
Open | High | Low | Value | Volume |
$1.46 | $1.47 | $1.44 | $744.2K | 513.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
31 | 21980 | $1.45 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.45 | 27058 | 32 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
31 | 21980 | 1.445 |
20 | 62311 | 1.440 |
15 | 89965 | 1.435 |
9 | 24709 | 1.430 |
5 | 177163 | 1.425 |
Price($) | Vol. | No. |
---|---|---|
1.450 | 27058 | 32 |
1.455 | 47685 | 25 |
1.460 | 32233 | 15 |
1.465 | 57860 | 11 |
1.470 | 14920 | 8 |
Last trade - 13.25pm 25/07/2024 (20 minute delay) ? |
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HLS (ASX) Chart |