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22.5¢ terracom limited

I think you may find they have been trying for sometime so now...

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w1londongroup

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29/11/23

15:01

Post #: 71171806
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Originally posted by shaidar1974: ↑

A little bit of vagueness in the comment, do they have a willing buyer (if they do, i would assume a ASX announcement would have been needed - not just in AGM presentation), or do the just have a for sale sign out the front.

I do find them trying to off load RSA a little odd. They only bought it 3.5 years ago, in what some would consider a fairly hostile takeover, for AU$100 million and at a bargain price at that - booking a $10 million gain (not common in business combinations).

RSA operations is making profits and providing cash to TER via dividends. Perhaps they bought something they really didn't want in the end or since they have lost control, don't really want it anymore. Or perhaps, just couldn't be bothered with RSA anymore and would prefer the cash to dividends or think they could use the cash for another investment which they will buy and sell 3 years later. Let's remember, Ransley was heavily involved with TER (director of UNV) during this takeover.

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I think you may find they have been trying for sometime so now they are announcing to the market intent to sell. With formal disclosure soon after. They want to buy here in Australia I would think and extend life of mine.

TER Price at posting: 31.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 22.5¢		Change 0.000(0.00%)		Mkt cap ! $180.2M

Open	High	Low	Value	Volume
22.0¢	22.5¢	22.0¢	$161.4K	727.5K

Buyers (Bids)

No.	Vol.	Price($)
5	774440	22.0¢

Sellers (Offers)

Price($)	Vol.	No.
22.5¢	34299	1

View Market Depth

No.	Vol.	Price($)
5	774440	0.220
10	405294	0.215
28	973856	0.210
8	368065	0.205
26	787064	0.200

Price($)	Vol.	No.
0.225	34299	1
0.230	824588	7
0.235	223296	8
0.240	569957	13
0.245	437730	8

Last trade - 16.10pm 05/06/2024 (20 minute delay)


Last 22.0¢			Change 0.000 ( 2.09 %)
Open	High		Low	Volume
22.0¢	22.5¢		22.0¢	466791
Last updated 15.59pm 05/06/2024 ?

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