Per my above comments, if this merger occurs and new shares are issued, SIG/CWH will immediately become the 60th largest company on the ASX, meaning index tracking funds MUST own a huge chunk of the company, pretty well immediately. You will be competing against thousands of others that want those newly listed shares, and we're not talking about $10k purchases either. They will need to buy a LOT of shares. Couple that with the fact that retail investors will be jumping in by the boatload due to the incredible performance/upside of both companies, I fail to see how SP will drop.
The fact that we're already witnessing index funds jumping in now (in a huge way) only supports this belief.
Per my above comments, if this merger occurs and new shares are...
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Last
$1.31 |
Change
0.005(0.38%) |
Mkt cap ! $2.129B | |||
| Open | High | Low | Value | Volume |
| $1.32 | $1.34 | $1.29 | $22.96M | 17.55M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 198520 | $1.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.31 | 638785 | 14 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| SIG (ASX) Chart |