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WGO warrego energy limited

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35.5¢

I would have thought that any WGO s/h who were considering...

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jake0002

8,789 Posts.

3245

08/02/23

13:04

Post #: 66134761
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Originally posted by jake0002 ↑

so that will give Hancock about 78% of WGO.
I think all the big s/h have accepted into H bid?

Those left will be:
- the hedge funds which surely must hold a significant portion of register
- smaller retail holders.

One can bet H will get to 80% - maybe 85%.
But if the bulk of retail shareholders hold the same view as people here on HC, I cannot see H getting to the magical figure of 90%.
Getting to the Compulsory Acquisition level would be paramount for H. All sorts of benefits to H in owning 100% of WGO, rather than 85%.

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I would have thought that any WGO s/h who were considering whether to accept into the STX bid, would now accept the H offer, or sell on market, rather than accept into STX bid.
Because they get a confirmed price of 36c, then they can sit on that cash, and hope/wait for the share price of STX to drop below the 36c price level.

WGO Price at posting: 36.0¢ Sentiment: None Disclosure: Not Held
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I would have thought that any WGO s/h who were considering...

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