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67.5¢ mayfield childcare limited

this is from Minster Allen website" What is interesting about...

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BarrenBuffett

3,933 Posts.

181

04/09/23

14:53

Post #: 69722429
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Originally posted by stocktalker: ↑

If all shareholders save Genius accepted a BB offer it would still fail. I don't see how Genius would be "screwed" in such a scenario.

I think it is important to understand this point, which I've tried to make before, but you either disagree or have misunderstood me. Genius has 34%, and BB needs 90% of the vote for a takeover. BB can not successfully to a hostile takeover.

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this is from Minster Allen website
" What is interesting about those hostile off-market takeover bids is the likelihood that the Bidder will succeed in achieving control of Target, that is, Bidder reaching ownership of 50.1% or more of Target shares."

https://www.minterellison.com/articles/hostile-takeover-bids

this is what is i'm referring too. Based on the management - this is certainly a possibility

MFD Price at posting: 74.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 67.5¢		Change 0.000(0.00%)		Mkt cap ! $44.08M

Open	High	Low	Value	Volume
67.5¢	67.5¢	67.5¢	$13.5K	20K

Buyers (Bids)

No.	Vol.	Price($)
1	10000	65.0¢

Sellers (Offers)

Price($)	Vol.	No.
67.5¢	27577	2

View Market Depth

No.	Vol.	Price($)
1	10000	0.650
1	17520	0.635
1	14285	0.630
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.675	27577	2
0.690	4000	1
0.695	41264	1
0.730	21500	2
0.755	2540	1

Last trade - 10.04am 16/05/2024 (20 minute delay)

MFD (ASX) Chart

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