It is worth noting that J&R Optimum already own 18% of AJM.
This is an important consideration in the context of any potential acquisition transaction. Why? Because J&R don't need to pay themselves!
i.e. let's say that J&R were to offer 80c/share to buy out AJM. It is only really costing them ~65c/share (82%*80c) in aggregate given they only need to acquire the remaining 82% of shares on issue. Or if they were to offer $1, it only costs them 82c / share.
Thus, they can pitch a high number (that looks good to shareholders on the whole) while they only have to stump-up 82% of the cash. Win/win.
IMHO DYOR
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Mkt cap ! $10.87M |
Open | High | Low | Value | Volume |
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---|---|---|
7 | 308748 | 4.0¢ |
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Price($) | Vol. | No. |
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4.4¢ | 166024 | 4 |
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No. | Vol. | Price($) |
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5 | 268748 | 0.040 |
1 | 18000 | 0.039 |
1 | 50000 | 0.037 |
1 | 16500 | 0.036 |
1 | 31281 | 0.031 |
Price($) | Vol. | No. |
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0.044 | 166024 | 4 |
0.045 | 114350 | 5 |
0.046 | 21739 | 1 |
0.047 | 45000 | 1 |
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