My thoughts are as follows - as per previous call, management indicated more than 2 bidders at the table - obv we haven't gotten a binding bid yet and that's disappointing. The wording as per this Regal disclosure is also sus - it's almost like a girl - > regal is saying "nothing has changed re value of co" and still "strategic" asset, not forgetting regal owns 16% of share cap still.
Assuming 8 down 12 up (1x NAV), market is pricing 50/50 odds here for a target w multiple bidders.
Ann: RPL: Regal withdraws Proposal to acquire Pacific Current, page-7
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Last
$11.08 |
Change
0.280(2.59%) |
Mkt cap ! $571.4M | |||
| Open | High | Low | Value | Volume |
| $10.77 | $11.08 | $10.75 | $428.9K | 39.46K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 363 | $11.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.11 | 112 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PAC (ASX) Chart |