From my investment perspective, which is medium term, I believe we have the luxury of not having to care about whether we get an offer good enough to sell. If Harbour can't stump up the money, I would expect to be sitting in the same place on a present-value-of-dividends-plus-growth basis within 18 months anyway.
But not everybody has the same horizon. Getting paid out at $7 would provide a very tidy ROI for a lot of holders, and will open up other opportunities.
Keep in mind that if the board recommends the bid then ENN and Hony are required to vote in favour. I believe that many funds and short term traders are increasingly likely to support the deal too at anything from $7 up.
I agree that we're close to the mark now.
From my investment perspective, which is medium term, I believe...
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Last
$6.72 |
Change
0.030(0.45%) |
Mkt cap ! $21.82B | |||
| Open | High | Low | Value | Volume |
| $6.74 | $6.77 | $6.72 | $43.42M | 6.449M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 55681 | $6.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.73 | 10465 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| STO (ASX) Chart |