Additional commentary on the AFR from Watermark Funds Management on the transaction:
http://www.copyright link/business/...-cashes-out-473m-pokies-stake-20160223-gn0zuq
"...Ainsworth Game Technology said it supported the deal and would convene an emergency meeting for shareholders to vote on the transaction.
However, Watermark Funds Management, a shareholder in Ainsworth, said it was suspicious of Novomatic's motives in holding a controlling stake without launching a takeover.
"It looks suspicious that Novomatic want to control Ainsworth but not own 100 per cent," Watermark investment analyst Joshua Ross said. "The current offer does not make sense for minority shareholders – it looks to be to their detriment. Novomatic will gain from access to the US, however, the prospect of a takeover from a third party are diminished, and Novomatic is not necessarily aligned with minority shareholders."
- Forums
- ASX - By Stock
- Ann: Release re Share Transaction
Additional commentary on the AFR from Watermark Funds Management...
-
- There are more pages in this discussion • 37 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AGI (ASX) to my watchlist
|
|||||
Last
92.3¢ |
Change
-0.008(0.81%) |
Mkt cap ! $310.6M |
Open | High | Low | Value | Volume |
93.0¢ | 93.0¢ | 89.0¢ | $931 | 1.005K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 2008 | 89.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
93.0¢ | 321 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1968 | 0.890 |
1 | 46969 | 0.870 |
1 | 8888 | 0.855 |
1 | 625 | 0.800 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.930 | 321 | 1 |
0.950 | 2000 | 1 |
0.960 | 400 | 1 |
0.980 | 10000 | 1 |
0.990 | 6429 | 1 |
Last trade - 15.59pm 09/08/2024 (20 minute delay) ? |
Featured News
AGI (ASX) Chart |