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$1.80 qantm intellectual property limited

Alternatively Adamantem only has sufficient funds available to...

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Tarvold

20,858 Posts.

1222

14/03/24

17:58

Post #: 72891391
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Originally posted by reader1: ↑

My take is the minimum scrip component is to satisfy QIP holders (specifically, ie, former partners, management and staff QIP shareholders) who wish to participate in the longer-term value potential offered by throwing their lot in with Adamantem. It gives an opportunity to take some cash off the table and retain an equity interest in Adamantem's newco. If there's insufficient interest by this group, then it appears to be more trouble than it's worth to Admanatem to offer scrip in newco. Hence the minimum threshold. The share price drop today more likely reflects the lack of a competing higher bid (exit Rouse) coupled with the usual uncertainty during the exclusive due diligence period till the bid goes unconditional. Institutional and retail shareholders will accept the offer. Why would they want to be locked into an unlisted newco?

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Alternatively Adamantem only has sufficient funds available to make a bid in x% of cash?

Plenty of institutional investors hold unlisted investments I can't see that being an issue unless there investment mandates prohibit it.

QIP Price at posting: $1.54 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $1.80		Change -0.005(0.28%)		Mkt cap ! $254.3M

Open	High	Low	Value	Volume
$1.82	$1.82	$1.80	$399.5K	221.1K

Buyers (Bids)

No.	Vol.	Price($)
2	139489	$1.80

Sellers (Offers)

Price($)	Vol.	No.
$1.81	33973	2

View Market Depth

No.	Vol.	Price($)
2	139489	1.800
6	914000	1.795
4	612473	1.790
1	386	1.500
1	3000	1.200

Price($)	Vol.	No.
1.805	33973	2
1.815	55558	4
1.825	2600	1
1.830	15000	1
1.845	6500	1

Last trade - 16.10pm 23/07/2024 (20 minute delay)

QIP (ASX) Chart

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