Based on Pitt's previous history it is not his style to launch a takeover. If that was his desire he & Will Hodgson of Ariki Investments with over 31% between them could effectively control this company now. Pitt has great respect for the guys running Peel. I think he is happy to be just a shareholder. BUT has built a large stake IMO primarily due to recognising the potential of what Peel have found. Secondly he knows that if a bid were to be launched the best way to extract maximum value is by being in a position to play the role of kingmaker.
I did wonder if todays large parcel may have been bought by Will Hodgson. Sitting on 11.48% he has plenty of scope to add to his position. Doing so would make it that much more difficult for anyone to buy control of Peel without dealing with Pitt & himself.
Interestingly the large parcel that went through today of 1,189,200 shares represents 0.65% of scrip on issue. If that were added to Pitts existing position of 19.3% then that would put him at 19.95%. Or just slightly under the 19.9% threshold. If we soon see another substantial disclosure notice from either Pitt, Hodgson or SBM then this is going to get real interesting.
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Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $78.44M |
Open | High | Low | Value | Volume |
13.5¢ | 13.5¢ | 13.5¢ | $1.491K | 11.04K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 19396 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 45073 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 19396 | 0.135 |
3 | 64944 | 0.130 |
3 | 622900 | 0.125 |
1 | 25000 | 0.120 |
2 | 54400 | 0.115 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 45073 | 3 |
0.150 | 25799 | 3 |
0.155 | 194087 | 4 |
0.160 | 136966 | 6 |
0.165 | 18180 | 1 |
Last trade - 12.50pm 17/06/2024 (20 minute delay) ? |
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