That capital return bit was part of the proposal that Barrenjoey sent out to prospective activist investors earlier this year, but, yes, it also included taking a cleaner through the Board.
Agree though - something must give. If there were several underbidders for Saverglass at ~5%-10% below the eventual price, then there should be interest in ORA at roughly 50% lower than what it was trading at pre-bid (particularly when the overall market is up 20%).
That capital return bit was part of the proposal that Barrenjoey...
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Last
$2.55 |
Change
0.030(1.19%) |
Mkt cap ! $3.425B | |||
| Open | High | Low | Value | Volume |
| $2.55 | $2.57 | $2.52 | $12.03M | 4.721M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 74522 | $2.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.56 | 5574 | 1 |
View Market Depth
| Last trade - 16.10pm 17/10/2024 (20 minute delay) ? |
| ORA (ASX) Chart |