I would have thought that Futuris divestement should have progressed to an Announcement by now.
Either a bidding war is heating up and bidders are being played off against each other or the bids are all lowball cheap tyre kickers crapola and "negotiations" are underway to try and get someone up to a reserve price Elders can accept.
The Holden announcement this week wont do the sale process any favours. Thankfully futuris growth story is all overseas in Thailand and China so international bidders may not be too concerned.
Ann: Rural Services Trading Update , page-25
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$8.55 |
Change
0.100(1.18%) |
Mkt cap ! $1.351B | |||
| Open | High | Low | Value | Volume |
| $8.47 | $8.63 | $8.42 | $2.909M | 340.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2690 | $8.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.55 | 1998 | 1 |
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