Both Stan and Simon plan to buy shares upto 19.99% of the company at prices higher than the takeover price. WOW. Thats a huge positive and that does not include the third interested party in Boutique. Boutique funds previous were the buyer at 12.5c prior to River complaining to the ASIC panal. My guess is that once the panal make a determination not to follow on, that Boutique will be back buying at 15c. IMHO, the reason for the higher price is
1. New CEO appointed
2. Upgrade to EBITDA and profits
3. Aggressive purchasing by the 2 directors on market.
4. Company buyback to commence. 6 Deposit of $35m in Federal and state customer rebates and
5. Biohub loan repayment and or extension with penalty interest at 22.5%.
I have no idea why anyone is a seller at current levels, given the information at hand. Perhaps the June 30 affect. DYOR.
Both Stan and Simon plan to buy shares upto 19.99% of the...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LPE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $20.72M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 11.0¢ | $54.65K | 481.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 102218 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 481702 | 4 |
View Market Depth
| Last trade - 14.10pm 23/07/2024 (20 minute delay) ? |
| LPE (ASX) Chart |