Great idea ......
This is exactly what the "corporate entrepreneurs" did in the 1970s and 80s.
Before the days of "shorting".
1) Buy 19.9% slowly in an undervalued company.
2) Announce offer & get rejected by the board
3) Wait for a higher offer
4) Sell the 19.9% for great profit.
5) If no higher offer, be prepared to buy and then operate the underlying business.
All sounds so simple, but huge amount of homework, patience and chess-playing needed to make it work consistently.
Read up about Brierley, Spalvins, Holmes a Court, et al.
Brierley, for example, did in excess of 40 of these within about a 7 year period.
Busy boy.
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Last
$19.15 |
Change
-0.050(0.26%) |
Mkt cap ! $2.188B |
Open | High | Low | Value | Volume |
$19.01 | $19.17 | $18.90 | $5.991M | 314.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5540 | $19.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$19.16 | 1440 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5540 | 19.150 |
1 | 450 | 19.100 |
1 | 1440 | 19.070 |
3 | 2602 | 19.060 |
1 | 1440 | 19.040 |
Price($) | Vol. | No. |
---|---|---|
19.160 | 1440 | 1 |
19.170 | 2602 | 3 |
19.190 | 1440 | 1 |
19.200 | 3740 | 4 |
19.280 | 264 | 1 |
Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
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