PGH

1.35%

75.0¢ pact group holdings ltd

Ann: Supplementary Bidder's Statement, page-11

First 11 Last

Share
Profile

Follow
ejd99

1,503 Posts.

10

08/04/24

13:48

Post #: 73239945
Share

Originally posted by Username123: ↑

You would think that after the lack of traction over recent months, they would have changed their approach since the scare tactics clearly aren’t working and may even be having the opposite effect to what they intended.

In ASX Guidance Note 33, there is indeed a footnote (39) regarding the vote on a resolution approving the target’s removal from the official list once more than 12 months have elapsed since the close of a takeover bid. However, it should be read in the full context of the relevant section including all steps and criteria that must be satisfied. The Guidance Note is freely available on the ASX website: https://www.asx.com.au/documents/rules/gn33_removal_of_entities.pdf

If it was indeed RG’s intention to delist Pact based on the referenced 12+ months bid expiry footnote and his team is confident that they will be successful in doing so, then wouldn’t it have been far more logical to let the bid expire 2+ months ago? At that point, it was already clear that it was exceptionally unlikely that he would be successful in reaching the 90% hurdle for compulsory acquisition.

Although delisting does have some negatives, such as limitations in terms of liquidity, it still means that we remain shareholders of a growing and highly profitable business and there are indeed avenues to buy and sell shares. Additionally, Pact would still be subject to all relevant company regulations in terms of reporting and compliance.

In the event of delisting, it would make it far more challenging for RG to meet the requirements for compulsory acquisition. Based on my calculations, he still requires over 9,000,000 shares to reach 90%. Additionally, he will still be subject to all rules regarding a new bid, which have been outlined in prior posts.

Expand

Yep, we certainly would have accepted the offer if the price was reasonable in the first instance - not 68c for the initial offer followed by numerous scare updates.
Moving forward, we don't care if PGH is delisted and now, will never sell in the foreseeable future unless there is a compulsory acquisition.
We might even attend the AGM with some written questions to the chair and we look forward to PACT becoming a profitable business in the future.

PGH Price at posting: 84.5¢ Sentiment: Hold Disclosure: Held
8 Upvote

0 Great analysis

Reply

Top Stories

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Microcap Wrap: 5 explorers with news out today

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

RCE

Recce's R327 found effective against E.coli during clinical trial

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

There are more pages in this discussion • 1 more message in this thread...

First 11 Last

Add PGH (ASX) to my watchlist

(20min delay)
Last 75.0¢		Change 0.010(1.35%)		Mkt cap ! $258.2M

Open	High	Low	Value	Volume
73.5¢	76.0¢	73.5¢	$14.88K	19.73K

Buyers (Bids)

No.	Vol.	Price($)
1	2039	75.0¢

Sellers (Offers)

Price($)	Vol.	No.
77.0¢	740	1

View Market Depth

No.	Vol.	Price($)
1	2039	0.750
1	27650	0.740
1	1417	0.735
1	15000	0.730
2	9200	0.700

Price($)	Vol.	No.
0.770	740	1
0.780	1125	1
0.800	8625	1
0.840	28068	3
0.845	32080	8

Last trade - 16.10pm 28/06/2024 (20 minute delay)

PGH (ASX) Chart

Ann: Supplementary Bidder's Statement, page-11

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Microcap Wrap: 5 explorers with news out today

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Recce's R327 found effective against E.coli during clinical trial

Ava Risk Group expands US presence with A$0.7M Substation Deal

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Supplementary Bidder's Statement, page-11

Top Stories

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Microcap Wrap: 5 explorers with news out today

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Recce's R327 found effective against E.coli during clinical trial

Ava Risk Group expands US presence with A$0.7M Substation Deal

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News