This is a large Dutch pension fund. They own 14.8% of JMS.
I wouldn't blame JMS management on this. I have dealt with a lot of European pension funds / quasi-government institutions. These places are full of civil servants who do the work and tend to go to their Board at the last minute for final approval. Unsure why there was a last minute blockage here though.
Shame I missed the share price drop this morning. This is a buying opportunity, we still own the same assets. Management is great and will roll up their sleeves to find a way to unlock the value, possibly via a different structuring of the spin-off (perhaps via an injection of more third-party capital depending on the % thresholds the Dutch were hitting), or otherwise a JV or straight trade sale.
Ann: Juno Minerals Demerger & IPO Delayed, page-12
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Last
25.5¢ |
Change
-0.005(1.92%) |
Mkt cap ! $499.8M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 26.3¢ | 25.3¢ | $880.6K | 3.415M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 146000 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 416106 | 6 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| JMS (ASX) Chart |