I went through a situation much like this last year, with another company.
The process was similar. The company that initiated the takeover put in a low offer that was recommended by the board. Letters and other correspondence (like this one) were sent out to shareholders warning them of the possible consequences of a small share float etc. In the end I took the offer, but I later regretted it.
As in this situation, another company built up a stake and forced a second takeover at roughly 3 times the original offer price. It took a year or so, but had I waited and held I would have had a much better return.
I've been in PGH for years and from a much higher price. My holding is not large, and based on my previous experience I am planning to hold to the end. I really don't appreciate the way that this has all been handled. It seems to me now that this has been Raph's plan for years.
With this new group taking a position, and the amount of small holders still on the register, there is real potential here for a higher return in the future.
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- Ann: Takeover offer for PGH - Letter to shareholders
Ann: Takeover offer for PGH - Letter to shareholders, page-3
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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 | 7147 | 6 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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