This is convincing...."Mr Abercrombie argued the terms of the sale are skewed too far in Latitude’s favour.
“This transaction is expected to deliver 22 per cent of Latitude’s financial year 2023 earnings of $355 million, but Humm shareholders are only offered 13 per cent in the combined group,” Mr Abercrombie said.
“As part of the deal, Latitude is getting $106 million of our own cash on our balance sheet – money that, as a shareholder, you already have an interest in prior to the sale! However, Humm shareholders will only receive a paltry $35 million in cash or 7¢ a share, with the rest of the purchase price being paid in Latitude shares. How is this fair?”
MY VOTE IS "NO"
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This is convincing...."Mr Abercrombie argued the terms of the...
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Last
86.5¢ |
Change
-0.020(2.26%) |
Mkt cap ! $425.0M |
Open | High | Low | Value | Volume |
87.5¢ | 88.5¢ | 83.5¢ | $3.770M | 4.413M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30954 | 84.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
86.5¢ | 77819 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6025 | 0.830 |
1 | 70000 | 0.825 |
1 | 3000 | 0.820 |
1 | 2500 | 0.805 |
2 | 12500 | 0.800 |
Price($) | Vol. | No. |
---|---|---|
0.865 | 64998 | 2 |
0.870 | 54000 | 2 |
0.875 | 1100 | 1 |
0.880 | 66024 | 2 |
0.890 | 93932 | 3 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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