The most likely outcome is:
1. Skip vote no to the SoA and therefore it fails
2. J Power increase their shareholding to above 50% pursuant to the takeover offer
3. GNX remains listed but has a reformed J Power controlled board possibly with a Skip representative
4. Overtime J Power shareholding increases through on-market purchases, agreeing a higher price with Skip, and/or underwriting future capital raises.
If J Power were happy to have Skip as a 20% shareholder, they could have invited them into the bidding vehicle and then in all likelihood the SoA would have succeeded. Maybe J Power come back for a sweetened offer for the minorities (including Skip) once they have mopped up what they can at 27 cents?
So the next few months leave shareholders with a simple choice - sell out to J Power at 27 cents or stay in for the future ride. J Power will likely try and put the frighteners up those contemplating staying in by saying they will delist, etc. but so long as Skip hangs around as a minority they will act as a safeguard to others who turn down J Power (for now).
- Forums
- ASX - By Stock
- Ann: Genex enters into binding TID with J-Power
The most likely outcome is:1. Skip vote no to the SoA and...
-
-
- There are more pages in this discussion • 61 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GNX (ASX) to my watchlist
(20min delay)
|
|||||
Last
27.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $373.9M |
Open | High | Low | Value | Volume |
27.0¢ | 27.5¢ | 27.0¢ | $117.9K | 434.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
29 | 61680140 | 27.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.5¢ | 10453851 | 71 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
28 | 60680140 | 0.270 |
9 | 1678946 | 0.265 |
4 | 65062 | 0.260 |
2 | 41970 | 0.255 |
4 | 319000 | 0.250 |
Price($) | Vol. | No. |
---|---|---|
0.275 | 10453851 | 71 |
0.280 | 2434426 | 16 |
0.285 | 17017 | 2 |
0.290 | 112925 | 4 |
0.295 | 122000 | 1 |
Last trade - 15.52pm 19/07/2024 (20 minute delay) ? |
Featured News
GNX (ASX) Chart |