I suspect the reason the takeover tussle is over GTY and not INA is precisely because of GTY's poor management - because it was priced into the SP, which means there is a lot more value there if you can take it over and fix the management.
If a predator has to pay a control premium to get INA (which would mean paying a premium to NAV), but then can't significantly turn around the business because management is already running it very well, there is much less incentive to make a bid. You only bid if you think you can extract more value from the business than the market is paying for.
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Last
$5.11 |
Change
0.000(0.00%) |
Mkt cap ! $2.082B |
Open | High | Low | Value | Volume |
$5.18 | $5.20 | $5.11 | $2.110M | 411.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 21335 | $5.11 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.12 | 705 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 21335 | 5.110 |
2 | 1754 | 5.100 |
1 | 3482 | 5.090 |
1 | 3482 | 5.080 |
1 | 72 | 5.010 |
Price($) | Vol. | No. |
---|---|---|
5.120 | 705 | 1 |
5.140 | 2321 | 1 |
5.150 | 4075 | 5 |
5.160 | 2321 | 1 |
5.170 | 2000 | 1 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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INA (ASX) Chart |