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0.29%

$1.70 aims property securities fund

Ann: Change in substantial holding, page-4

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friendlydwarves

3,528 Posts.

495

01/01/21

00:33

Post #: 49891506
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Originally posted by XavierX2: ↑

Prepare for "oppression of minorities".

Section 4.3 of the SPA covenants STAM/Sandon and associates not to purchase or otherwise deal in APW shares for 5 years. I.e. their combined blocking stake is now in the hands of Wang friendlies and the implication is not to expect a bid will be forthcoming anytime soon.

To add a bit of insult to injury, the broker (App Securities) is also a related party of Wang.

Essentially
Essentially they've paid a low price to get rid of agitation risk and further cement excess control. If I were on the Takeovers Panel, my eyebrow would be raised to hairline level.

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So apply to the panel then

APW Price at posting: $1.35 Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last $1.70		Change -0.005(0.29%)		Mkt cap ! $75.45M

Open	High	Low	Value	Volume
$1.70	$1.70	$1.70	$73	43

Buyers (Bids)

No.	Vol.	Price($)
6	3045	$1.64

Sellers (Offers)

Price($)	Vol.	No.
$1.75	114	1

View Market Depth

No.	Vol.	Price($)
6	3045	1.640
1	8653	1.635
1	3058	1.630
1	8500	1.150
1	2000	1.140

Price($)	Vol.	No.
1.750	114	1
1.755	2893	1
1.785	5000	1
2.000	5000	1
0.000	0	0

Last trade - 09.59am 07/10/2024 (20 minute delay)

APW (ASX) Chart