Given the reports that GFG plans to do an IPO for 40% of Whyalla steel works and associated entities, I don't think that he will have an issue with holding 51% to 75% of a listed company. I think the key for Gupta will be holding at least than 51%.
I assume that the entity to be listed will include the 51% plus interest in HAV to ensure long term supply for its expansion plans.
However, I wouldn't be surprise if somewhere down the track (possibly a few years though or when Giles wants to retire) there is a takeover offer of HAV from the Whyalla steel works entities where HAV shareholders are offered shares in the listed Whyalla steels works.
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Last
23.5¢ |
Change
0.010(4.44%) |
Mkt cap ! $74.41M |
Open | High | Low | Value | Volume |
22.5¢ | 24.0¢ | 22.5¢ | $92.88K | 408.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 21997 | 23.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.5¢ | 25477 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1997 | 0.230 |
1 | 45422 | 0.225 |
1 | 12636 | 0.210 |
2 | 222456 | 0.200 |
1 | 5220 | 0.190 |
Price($) | Vol. | No. |
---|---|---|
0.235 | 25477 | 2 |
0.240 | 149135 | 3 |
0.245 | 89934 | 1 |
0.260 | 29889 | 3 |
0.270 | 14814 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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