Smart predictable move by SOL.
Its recent 9.9% was its flagging of its interest and ensured it had a seat at the table. This has been coming for a while.
Interesting that Macquarie helped it with its 9.9% (see Notice) and is now its financial advisor to today's offer.
It gets its hands on over A$200B of FUM effectively for peanuts in cash (and SOL shares of doubtful real value).
Pressure is now on for the board to show us how, and then to deliver, to increase value to its shareholders within a few months.
Hold tight as this will be a wild ride as SOL/Macquarie has waay more grunt than Regal.
Expect the market to rocket tomorrow as shorts are squeezed tighter and other potential offerors sharpen their pencils.
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Smart predictable move by SOL.Its recent 9.9% was its flagging...
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Last
$21.51 |
Change
-0.370(1.69%) |
Mkt cap ! $2.454B |
Open | High | Low | Value | Volume |
$21.60 | $21.71 | $21.47 | $5.864M | 272.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 989 | $21.51 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$21.60 | 2052 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 989 | 21.510 |
3 | 2645 | 21.500 |
1 | 1200 | 21.490 |
1 | 1100 | 21.480 |
2 | 1753 | 21.470 |
Price($) | Vol. | No. |
---|---|---|
21.600 | 1000 | 1 |
21.800 | 1000 | 1 |
21.890 | 680 | 1 |
21.900 | 1320 | 1 |
22.000 | 700 | 1 |
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