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
$1.75 |
Change
0.005(0.29%) |
Mkt cap ! $1.270B |
Open | High | Low | Value | Volume |
$1.72 | $1.75 | $1.70 | $3.164M | 1.819M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6952 | $1.74 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.75 | 93017 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6952 | 1.740 |
1 | 13406 | 1.730 |
2 | 13406 | 1.725 |
3 | 14651 | 1.720 |
2 | 11528 | 1.710 |
Price($) | Vol. | No. |
---|---|---|
1.750 | 62871 | 4 |
1.755 | 41206 | 5 |
1.760 | 79942 | 8 |
1.765 | 22748 | 2 |
1.770 | 12444 | 1 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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