Hi no its TGP (360 capital) - he has to disclose as a related party by virtue of his large holding in TGP.
The increase is exactly the 3% allowed within the creep rules. So 32.92 %. Assuming not many outside the corporate tent take up shares - with the 3 % extra plus around 40 million added via rights they get very close to 50%.
Is that a bad thing? I dont know but something seems to have changed in their stance dince I spoke to them.
They are making sure they have absolute control over TOT.
I still think there is value here but whether its best to own directly or via TGP I dont know. I currently have taken my investment in TOT and a small stake in TGP..
I think this makes me more convinced there is value here.
Hi no its TGP (360 capital) - he has to disclose as a related...
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Last
38.5¢ |
Change
0.015(4.05%) |
Mkt cap ! $81.77M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 40.0¢ | 36.0¢ | $205.0K | 554.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 300000 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 23999 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| TOT (ASX) Chart |