agreed, the shorting may well be the prelude for a lowball offer. My point is that LTR now has the cash to go the full hog. So I don’t see us being pushed in a corner where we face the unpalatable choice of an equity raise at low prices or having to accept a lowball takeover offer - both wiping out existing shareholders for a song.
I bought a bit more today and am happy the shorters afforded me the opportunity to average my price down!
ASX Today, page-42966
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Last
80.5¢ |
Change
0.020(2.55%) |
Mkt cap ! $1.952B | |||
| Open | High | Low | Value | Volume |
| 82.5¢ | 83.0¢ | 80.0¢ | $14.75M | 18.10M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 206368 | 80.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 81.0¢ | 5649 | 3 |
View Market Depth
| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| LTR (ASX) Chart |