Agree. NOV will be making a bid to own RKN when they can afford to. A lot harder now, however Nov will pick up a healthy dividend from the sale.
It is an unknown as to how much the special dividend will be however Nov own 23% so they will collect a healthy special dividend potentially north of $10m.
As for RKN, exceptional day. Fancy divesting part of your business for 100% of your market cap! Market israrely wrong for long, and loving its correction of market cap today
Ann: Sale of Accountants Practice Management Group, page-11
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Last
55.0¢ |
Change
0.020(3.77%) |
Mkt cap ! $62.31M | |||
| Open | High | Low | Value | Volume |
| 55.0¢ | 55.0¢ | 54.5¢ | $4.172K | 7.599K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 28929 | 53.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 55.0¢ | 14999 | 1 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| RKN (ASX) Chart |