if Regis were to sell their stake in Tropicana, would they be able to recoup their investment of 900 million ? It gets depleted over time.
IMHO a TO is unlikely as Andrew Forrest attempted but failed to get a substantial stake (15%) in the market a year ago which an indication that shares are tightly held, not much free float. We all know he’s super cash rich ( or was ?) , if he couldn’t get 15%, I don’t see how anyone else can get at least 30% for a meaningful takeover. I am not sure, is it 51% that you need for a TO?
Ann: Quarterly Activities Report, page-52
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Last
$2.05 |
Change
0.055(2.76%) |
Mkt cap ! $1.529B | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.06 | $2.00 | $3.721M | 1.830M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 79704 | $2.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.05 | 127184 | 42 |
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| Last trade - 12.59pm 10/10/2024 (20 minute delay) ? |
| RRL (ASX) Chart |