I speculated this a while ago.
A few interesting points though are:
-China Grand pharma (CGP) has a 17.5 billion HKD market cap which is equivalent to a 3.3 billion dollar AUD market cap so telix has grown up and is almost the same size now
- CGP had a majority stake and sold a 3% stake. They’re now a 4.6% holder being just under the 5% substantial holding threshold
- important to convert the currencies for equivalent market caps
If anyone was going to try a takeover I’d speculate that it would be one of Telix’s US partners as they have some big ones, being:
GE health: 40 billion usd market cap
Mereck: 300 billion usd market cap
Norvatis: 200 billion usd market cap
It’s probably unlikely though as the top 20 holders hold around 70% and they’re mostly early holders that seriously have faith that Telix will be a monster in the industry.
So I’d say that a TO offer would need to be at least 10x current share price for it to be considered now. So approx 30 AUD or 20 USD billion
Seems like a lot but ask yourself, in 7 years - do you think telix will be worth more or less than $100 a share?
More than IMO
I speculated this a while ago. A few interesting points though...
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Last
$20.73 |
Change
0.100(0.48%) |
Mkt cap ! $6.937B | |||
| Open | High | Low | Value | Volume |
| $20.83 | $20.99 | $20.40 | $17.24M | 830.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50 | $20.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.74 | 16468 | 1 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| TLX (ASX) Chart |