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
$1.47 |
Change
0.000(0.00%) |
Mkt cap ! $1.067B |
Open | High | Low | Value | Volume |
$1.46 | $1.47 | $1.44 | $4.237M | 2.897M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1478 | $1.46 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.47 | 11747 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1478 | 1.455 |
1 | 8172 | 1.450 |
1 | 8172 | 1.445 |
2 | 17605 | 1.440 |
1 | 1973 | 1.420 |
Price($) | Vol. | No. |
---|---|---|
1.470 | 11747 | 2 |
1.475 | 37082 | 6 |
1.480 | 76995 | 6 |
1.485 | 10701 | 2 |
1.490 | 38348 | 3 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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HLS (ASX) Chart |