They own a bigger share of a smaller cake. The shares STX "buy" through the 1:1 mean STX will own that part of WGOs share in WE.
The post STX, post GR, post MIN takeover will see WGO traded with low liquidity, a board not incentivised toward growing the business, and a continual need to raise money to pay for their share of costs associated with the remaining ownership of WGO.
CR => Dilution => low liquidity => CR => GR/MIN/STX mop up the rest of WGO.
Could pay off.... but i don't think STX will be offering a 1:1 in 2 to 5 years time, as far as I can see it.
They own a bigger share of a smaller cake. The shares STX "buy"...
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Last
28.0¢ |
Change
0.030(12.0%) |
Mkt cap ! $801.0M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 28.3¢ | 24.5¢ | $7.221M | 26.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 293004 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 820079 | 16 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| STX (ASX) Chart |