Agreed. Top shareholders of SXL wanting to vote out the SCA board and management (AFR Link) due to 'slow progress evaluating a takeover offer from rival ARN Media'. Those shareholders being Spheria Asset Management, Allan Gray, and Ubique Asset Management.
I think John Kelly has been very reasonable in his process, and without a doubt we need to consider ARN's financials to understand the value of the proposal, considering the dynamics of SP and operations. So why make a bid, ask for financials, and give no transparency in return? It seems to me that ARN are shrewd operators. I'm not convinced that any shareholder outside of these three ARN mouth-pieces would receive a positive benefit.
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Agreed. Top shareholders of SXL wanting to vote out the SCA...
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Last
58.0¢ |
Change
-0.015(2.52%) |
Mkt cap ! $139.1M |
Open | High | Low | Value | Volume |
59.5¢ | 60.0¢ | 58.0¢ | $284.6K | 482.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 66074 | 58.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
59.5¢ | 31960 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 37534 | 0.580 |
1 | 85000 | 0.575 |
1 | 2500 | 0.570 |
1 | 2000 | 0.565 |
6 | 53954 | 0.550 |
Price($) | Vol. | No. |
---|---|---|
0.595 | 31960 | 1 |
0.615 | 1620 | 1 |
0.620 | 5546 | 2 |
0.630 | 32500 | 2 |
0.635 | 1550 | 1 |
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