"The fact it is trading at $3 means something is going on. Retail investors can't swing the price that much. Shorters doesn't explain it either. ALB can't influence votes by buying shares (as they can't vote with their shares). "
I agree. My read is someone is buying a blocking stake. They have little to lose. Either they will sell to ALB at $3 if the takeover goes ahead, or they vote NO and and either make their own takeover bid or simply wait for LTR to be worth $4 in 12-18 months. 33% return.
"The fact it is trading at $3 means something is going on....
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Last
79.0¢ |
Change
0.010(1.28%) |
Mkt cap ! $1.915B | |||
| Open | High | Low | Value | Volume |
| 81.0¢ | 82.0¢ | 78.5¢ | $11.44M | 14.36M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 342418 | 79.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.5¢ | 102506 | 9 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| LTR (ASX) Chart |