The ASX's "Creep rule" https://content.allens.com.au/the-allens-handbook-on-takeovers-in-australia/exceptions-to-the-rule/ could be a large factor, particularly if Gina wants to play the long game, she can take out 3% every 6 months, which will give her a much stronger position to take control/influence the board etc. Won't be able to buy another 3% on market until April next year though. LTR will be around for a long time and undersupply may only kick in 2026+ so plenty of time for her to pick up another 6-12%..
The ASX's "Creep rule"...
-
- There are more pages in this discussion • 375 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LTR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
96.5¢ |
Change
-0.005(0.52%) |
Mkt cap ! $2.352B | |||
| Open | High | Low | Value | Volume |
| 97.0¢ | 97.5¢ | 96.0¢ | $2.961M | 3.063M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 86606 | 96.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 97.0¢ | 192993 | 14 |
View Market Depth
| Last trade - 10.40am 16/07/2024 (20 minute delay) ? |
| LTR (ASX) Chart |