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.
- Forums
- ASX - By Stock
- Ann: Takeover offer for PGH - Letter to shareholders
I went through a situation much like this last year, with...
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PGH (ASX) to my watchlist
(20min delay)
|
|||||
Last
77.5¢ |
Change
-0.010(1.27%) |
Mkt cap ! $266.8M |
Open | High | Low | Value | Volume |
78.5¢ | 78.5¢ | 77.0¢ | $27.80K | 35.72K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5926 | 77.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
81.0¢ | 549 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5926 | 0.770 |
1 | 66666 | 0.760 |
1 | 2200 | 0.700 |
2 | 28888 | 0.685 |
1 | 10000 | 0.610 |
Price($) | Vol. | No. |
---|---|---|
0.830 | 1 | 1 |
0.840 | 27837 | 3 |
0.845 | 42520 | 13 |
0.850 | 3425 | 3 |
0.860 | 46005 | 3 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
|
|||||
Last
77.5¢ |
  |
Change
-0.010 ( 3.13 %) |
|||
Open | High | Low | Volume | ||
78.0¢ | 78.5¢ | 77.5¢ | 7117 | ||
Last updated 15.56pm 14/06/2024 ? |
Featured News
PGH (ASX) Chart |