re: Ann: Felix Resources recommends all-cash ... Summary of the offer:
http://longterm.blogspot.com/2009/08/felix-resource-flx-flxax-yanzhou-yzc.html.......this is a barely adequate offer. Yanzhou are paying a small premium based on FLX recent closing price and are securing a good 75% plus upside over the next few years. Felix major shareholders are getting the opportunity to sell out together preventing the kind of debacle that happened with Macarthur Coal (where one shareholder sells a blocking stake).
Importantly the door is wide open for a serious better offer. There is plenty of time for one to materialize which gives FLX shareholders something of a floor. An offer nearer $24, would leave a reasonable 25% upside to the acquirer while paying a more reasonable price to current FLX holders.
- Forums
- ASX - By Stock
- FLX
- Ann: Felix Resources recommends all-cash offer fr
Ann: Felix Resources recommends all-cash offer fr, page-6
Featured News
Add FLX (ASX) to my watchlist
(20min delay)
|
|||||
Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $34.76M |
Open | High | Low | Value | Volume |
17.0¢ | 17.0¢ | 17.0¢ | $4.395K | 25.85K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30280 | 16.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 1885 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30280 | 0.165 |
2 | 78238 | 0.145 |
2 | 42142 | 0.140 |
1 | 65000 | 0.135 |
1 | 1000 | 0.040 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 1885 | 2 |
0.175 | 12044 | 4 |
0.180 | 17500 | 1 |
0.185 | 352285 | 1 |
0.200 | 227505 | 2 |
Last trade - 14.52pm 28/06/2024 (20 minute delay) ? |
Featured News
FLX (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online