Agree profit - my cncern or reality is however - say for 300 mil an offer for 30% is there .
Market cap at 541 Mil - for 750 -850 million ($3.40-$3.80) you would get the lot - I doubt stakeholders have any appetite to hang in like we retail.
I understand the asset value but this is the reality...
I am tipping a Japanese player if it's to buy 30% - but as i say above - if your doing the maths - what would you do.
Fresh start - new CEO , new direction etc etc...
If we are tired of some aspects of the fiefdom what are they thinking in - it's exactly where they wanted it to be in terms of SP as i have espoused for a year....
Why buy a chunk and take on the baggage? -
example of the rule, page-14
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Last
$1.48 |
Change
0.005(0.34%) |
Mkt cap ! $1.178B | |||
| Open | High | Low | Value | Volume |
| $1.48 | $1.49 | $1.47 | $1.632M | 1.101M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 78307 | $1.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.48 | 8893 | 8 |
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| KAR (ASX) Chart |