Thanks @Davy Boy
Makes the equation far simpler. Will WPL want the whole thing excl Petrosen, or Cairns stake as well and not FAR, or just above the 39%, or to stay pat. I think going above 39% seems very likely, and they will either want to get just above 39% (as their stake is worth more all being the same), or as much as they can if they think the value is fantastic.
I suspect the market is impressed because the price being paid by Luk is a good price, and WPL will just want to get to the 39%. I don't know if WPL will really want FAR as a partner after the default, so will take out their stake altogether.
Cairn sells 40% share to Lukoil, page-126
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Last
46.5¢ |
Change
-0.005(1.06%) |
Mkt cap ! $42.97M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 47.0¢ | 45.5¢ | $31.34K | 67.88K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3338 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 199900 | 2 |
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| Last trade - 15.59pm 13/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |