Agree. Value of LIT would go up. But the value that LDP holders get is already low and with partly paid shares, the dilution would kill all but the very low entrants into LPD once called. Hence the v.low uptake in my opinion.
Market sentiment has been influenced (downward) by the TO for both. For LPD because:
The future is uncertain
Some dont want to hold LIT
For LIT because:
Perception if the TO outcome is negative
The assertions by LPD board in Target Statements
Ann: Notice of extension of Offer Period for takeover bid for LPD, page-10
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Last
2.1¢ |
Change
-0.001(2.33%) |
Mkt cap ! $26.04M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.2¢ | 2.1¢ | $37.67K | 1.785M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 1953992 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 1266091 | 7 |
View Market Depth
| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| LIT (ASX) Chart |