Blocking stake is worth nothing now.
Management have rolled over and accepted the offer without offering any argument for a higher price.
They are, of course, aware of more recent financials which they have refused to release before making a recommendation; Shareholders are left to assume there is nothing in the recent financials which could support a higher price.
Harvest Lane have been left out on a limb by themselves trying to support a higher bid price.
That has failed as the bid has now been declared best and final.
Harvest Lane now needs to decide whether to take a loss and accept the 28c bid, or hold for the longer term.
Their public description shows they are not a long term investor, so its easy to see what they will do.
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Last
28.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $40.08M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 21.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.0¢ | 75538 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.210 |
1 | 6200 | 0.160 |
1 | 20000 | 0.100 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.280 | 75538 | 7 |
0.285 | 3700 | 2 |
0.300 | 5784 | 2 |
0.400 | 1000 | 1 |
0.000 | 0 | 0 |
Last trade - 16.12pm 12/09/2024 (20 minute delay) ? |
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DDB (ASX) Chart |
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