I know I will be jumped on, but this is a classic situation for an opportunistic takeover of YOW.
I have read over and over that predatory takeover specialists are attracted to targets with specific characterisitcs:
- poorly performing SP ------> witness daily new 52 wk lows
- sound underlying business ----> sales increasing 85% -90%, and b/even looming
- upheaval of Board and /or mgt ---> no articulated refresh, or plan
- vacuum at board level ----> no replacement Chairman or new director
- board dominated by Exec directors ----> need non-execs and independence
- perceived poor performance of board and/or mgt ---> even bigger s/h complaining
- the ability to turn the financials around, cut costs and waste ---> salaries and admin
- the ability for predator to install own Directors and review mgt
plenty of examples.
just look at Bellamys - drop in sales/np etc. board sacks M/D, vacuum, big s/h launches spill.
low SP, vacuum at Board level, poor perception in ASX, business sound with real growth potential, plenty of cash !! , opportunity to cut waste and costs, opportunity push real growth in products and geographical regions etc etc.
wide open Register (FIL would bail out if they can make money ! that's their business)
a sitting duck
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Classic target
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Last
2.8¢ |
Change
0.003(12.0%) |
Mkt cap ! $6.422M |
Open | High | Low | Value | Volume |
2.7¢ | 2.8¢ | 2.7¢ | $677 | 24.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10 | 2.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.8¢ | 50879 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10 | 0.025 |
1 | 1500 | 0.024 |
5 | 153494 | 0.023 |
1 | 45499 | 0.022 |
1 | 95383 | 0.021 |
Price($) | Vol. | No. |
---|---|---|
0.028 | 50879 | 3 |
0.029 | 156545 | 1 |
0.030 | 74986 | 3 |
0.034 | 19500 | 1 |
0.035 | 36725 | 1 |
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