A person or organisation who owns or has voting control over 25% or more of a company’s shares can unilaterally block the approval of a takeover conducted by a scheme of arrangement, because one of the scheme voting thresholds is approval by at least 75% of the votes cast on the scheme resolution.
Aus Super knows how valuable Syrah is - I believe they have acquired such a large controlling stake to prevent a stealth takeover for peanuts - outside their control.
That said if heavy buying were to happen early in the new financial year as I suspect it might - I wouldn’t rule out Aus Super as part of a Syndicate taking it private.
Cheers
DYOR IMO
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Last
27.0¢ |
Change
0.025(10.2%) |
Mkt cap ! $279.4M |
Open | High | Low | Value | Volume |
24.5¢ | 28.0¢ | 24.0¢ | $1.969M | 7.533M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 151362 | 27.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.5¢ | 246841 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1738 | 0.295 |
2 | 3579 | 0.285 |
1 | 96 | 0.280 |
1 | 60000 | 0.275 |
3 | 23010 | 0.270 |
Price($) | Vol. | No. |
---|---|---|
0.255 | 15807 | 2 |
0.260 | 25000 | 1 |
0.270 | 12286 | 1 |
0.280 | 114345 | 5 |
0.285 | 131712 | 3 |
Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
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