I wouldn't expect beach to be changing their bid for some weeks yet. They have no reason to....yet.
Just do the numbers....when this started beach had 20% and walker had 18%, so when they hit 50% they will have only secured 12% of the rest!! They still have to get three times that amount before they can go unconditional at 85%.
Now a few red days and some folks closing out before xmas could change all this...however, I would expect most shareholders would know this is going on by now...so that means they are all waiting for our management to come out with the valuation, or a better offer.
To me it looks a long way from over.
- Forums
- ASX - By Stock
- beach takeover of ade
I wouldn't expect beach to be changing their bid for some weeks...
-
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ADE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online