With a statutory NAV at 11.48 and an internal fair value NAV at 13.47
If I were the management, where would I choose the strike knowing that I have 300M and 51'577'151 shares outstanding?
Would you rather go for 13.47 and buy back only 43.18% of the shares (we can suppose that 100% would accept the offer at this price)?
Or optimize the price lower to grab a higher percentage of shares at a better price (with a risk of a lower participation)?
To take it to the extreme, at 11.48, it would make 50.7%, but I guess half of the shareholders will refuse to sell so they might end up much lower.
Curious to hear your opinion
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Last
$10.92 |
Change
0.000(0.00%) |
Mkt cap ! $329.2M | |||
| Open | High | Low | Value | Volume |
| $10.92 | $10.96 | $10.82 | $91.34K | 8.378K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1023 | $10.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.00 | 200 | 1 |
View Market Depth
| Last trade - 16.10pm 15/09/2025 (20 minute delay) ? |
| PAC (ASX) Chart |