There used to be (and probably still exist), creep provisions, 1% a year, when above 20% without having to launch a full t/o offer. It was a long time ago, so I might be wrong. There could be FIRB issues also, but given the size of MGX and it’s assets, I do not see that being a problem. They let GBG deal through.
the ownership structure, I think, holds the share price back, due to potential misalignment with other shareholder’s interests. In this case, no mention of considering buybacks.
Buyback will change sentiment, page-55
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Last
36.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $444.6M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.0¢ | 36.5¢ | $244.0K | 664.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 118094 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 50000 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |