I think the 30 cents special dividend, which takes about $40 million cash is a defensive mechanism against the next takeover offer. Private equity loves buying businesses which carry lots of cash as they can use that cash to part fund the acquisition.
Tim Looi and the SIQ Board are saying to any potential bidders, well if you want to buy the business put up a decent price and don't assume there is any cash on the balance sheet of SIQ to partially fund the bid.
Cheers.......D
I think the 30 cents special dividend, which takes about $40...
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Last
$8.16 |
Change
-0.160(1.92%) |
Mkt cap ! $1.093B | |||
| Open | High | Low | Value | Volume |
| $8.38 | $8.38 | $8.15 | $3.781M | 462.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14294 | $8.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.20 | 1302 | 1 |
View Market Depth
| Last trade - 16.10pm 20/09/2024 (20 minute delay) ? |
| SIQ (ASX) Chart |