On the back of the slow uptake there possibly could be a perception that Fosun may not get the 50%...unlikely as Allan Grey have indicated they will accept, however, the bid is highly conditional and if by some chance the uptake is less than 50%, Fosun can pull the bid and the SP will drop back to pre bid levels.
There may be some holders prepared to sell for a few cents less now and remove the risk of being caught out if the bid falls through for whatever reason.
Cheers
Dan
Ann: Change in substantial holding, page-3
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Last
12.0¢ |
Change
0.005(4.35%) |
Mkt cap ! $12.52M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.5¢ | 12.0¢ | $1.332K | 11.08K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 44020 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 4603 | 1 |
View Market Depth
| Last trade - 14.50pm 03/10/2024 (20 minute delay) ? |
| ROC (ASX) Chart |