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.
My thoughts are as follows - as per previous call, management...
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Last
$10.40 |
Change
-0.360(3.35%) |
Mkt cap ! $542.8M | |||
| Open | High | Low | Value | Volume |
| $10.58 | $10.58 | $10.19 | $725.9K | 70.67K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9 | $10.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.54 | 650 | 1 |
View Market Depth
| Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
| PAC (ASX) Chart |