Ann: Quarterly Cashflow Report, page-128

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Branks737

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31/01/19

20:16

Post #: 37289281
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Originally posted by Goldwater ↑

Why does the price of the buy in keep getting brought up? Let me know if I'm wrong on the below.
https://www.ashurst.com/en/news-and-insights/legal-updates/takeovers-in-australia/

SKI can't buy more than 20% of the company under the corporations act without approval from the Government (good luck lol). SKI can't buy on market without jacking up the price.

SKI are literally forced to do it this way if they want to take up the option. They are not going to try and get "more shares" for a cheaper SP.

I presume the 12c SP was chosen for some tax/corporate reason and it is not to be treated in the same way that we buy shares.

SKI are essentially trading 80m for 19.99% of the company, the maximum they are allowed to buy without approval from the government.

Note this section:
If the potential acquirer is a foreign person, or is controlled (20%+) by a foreign person (including a foreign government), it may need to obtain prior clearance from the Federal Treasurer, through the Foreign Investment Review Board (FIRB). The Treasurer has power to block acquisitions that are contrary to Australia’s national interest, and make disposal orders if the acquisition has happened. In making his decision the Treasurer and FIRB will consult with a range of other government agencies (including competition, taxation, defence and security agencies).

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Sk cant buy on market full stop, it would be insider trading.

AUZ Price at posting: 4.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.3¢		Change -0.001(7.14%)		Mkt cap ! $18.18M

Open	High	Low	Value	Volume
1.4¢	1.4¢	1.3¢	$25.84K	1.987M

Buyers (Bids)

No.	Vol.	Price($)
12	3997423	1.3¢

Sellers (Offers)

Price($)	Vol.	No.
1.4¢	1625159	11

View Market Depth

No.	Vol.	Price($)
12	3997423	0.013
7	3024166	0.012
13	35473367	0.011
8	10722810	0.010
6	9507777	0.009

Price($)	Vol.	No.
0.014	1625159	11
0.015	1586028	9
0.016	6595941	22
0.017	15952132	17
0.018	3361352	6

Last trade - 16.10pm 13/11/2024 (20 minute delay)

AUZ (ASX) Chart

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