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 | $730.6K | 504.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
29 | 29584 | $1.45 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.45 | 22004 | 26 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
25 | 30789 | 1.445 |
16 | 33639 | 1.440 |
16 | 104965 | 1.435 |
8 | 21034 | 1.430 |
2 | 172146 | 1.425 |
Price($) | Vol. | No. |
---|---|---|
1.450 | 17706 | 23 |
1.455 | 31522 | 22 |
1.460 | 48322 | 20 |
1.465 | 57860 | 11 |
1.470 | 14920 | 8 |
Last trade - 13.13pm 25/07/2024 (20 minute delay) ? |
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