Thanks for the substack. Interesting analysis, yeah when I did some numbers it came out pretty close. Looks like the scrip bid is worth somewhere around $0.80 to $0.90 in today's dollars.
The other interesting comment was that bit re: Corps act. My read of this seems to suggest that they have to offer a minimum of $1.10 in consideration, no? Creative interpretation of 'consideration'?
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Last
$1.19 |
Change
0.000(0.00%) |
Mkt cap ! $394.7M | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.20 | $1.19 | $1.825M | 1.527M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 2129708 | $1.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.20 | 306678 | 8 |
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| Last trade - 10.57am 16/06/2025 (20 minute delay) ? |
| PBH (ASX) Chart |