ASX Today, page-89

First 89 Last

Share
Profile

Follow
serge83

3,660 Posts.

113

16/12/16

17:33

Post #: 21399206
Share

Originally posted by redgie321 ↑

L

I agree with all except your last 2 paragraphs.

There may have been displeasure by the retail holders at not getting a bite of the cherry at 8.5, but at least our holdings would now not be valued at 7.5c. Likely, we would have bought the stock SIs/Instos were dropping back in at a few pip profits, keeping the SP in the high 8's.

No one is going to "put their money where their mouth is" and buy shares at a 1c premium to what they can get them on the market. There is no benefit to doing it and that has been the downfall of management's play here. Also, leaving open the register for such a long time is utter stupidity in my experience and has never resulted in a favourable outcome for holders at the date of the CR announcement. Also, doing this in tandem with no option offer leaves the PR open to not being filled, as I am predicting will be the case here. If I was getting options on an 8.5c share, I would still take part at these SP. This incentive is however not available.

This is the market reacting to a play by management, and management has been wrong. The market is always correct. This is a lesson for SAS management, we are not at fault here. If the offer is not enticing, why should we partake?

Expand

Why do you suppose they hold the window open in the first place? If they want to reward loyal shareholders shouldn't it be whoever is holding at the time of the trading halt?

SAS Price at posting: 7.3¢ Sentiment: None Disclosure: Not Held
4 Upvote

0 Great analysis

Reply

Top Stories

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

RHK

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

ASX Market Open: ASX200 to rise for Friday session | July 26

IGO

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

HRZ

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

NVA

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

MIN

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Nine's staff strike as Paris Olympic coverage begins

MND

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

There are more pages in this discussion • 50 more messages in this thread...

First 89 Last

Add SAS (ASX) to my watchlist

ASX Today, page-89

Top Stories

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

ASX Market Open: ASX200 to rise for Friday session | July 26

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Nine's staff strike as Paris Olympic coverage begins

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Featured News