Because AusSuper aren’t in the habit of running businesses and current management hasn’t given any indication they know how to successfully manage one either - a take private with current management would be a near impossible sell to their investment committee given their history of value destruction. They need an operator ala BGH who they’ve teamed up with on a couple of deals (Navitas etc) but they wouldn’t touch SYR so the AusSuper take private scenario would only work if there was a resource focussed financial sponsor who wanted a capital partner. And given how cheap SYR is any deep pocketed US resources fund would just buy it outright - having AusSuper there would just get in the way.
I just can’t see this scenario manifesting.
Index issues, page-26
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Last
31.3¢ |
Change
-0.008(2.34%) |
Mkt cap ! $323.4M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 32.5¢ | 31.0¢ | $414.7K | 1.313M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 57 | 757042 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 166412 | 29 |
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| Last trade - 14.10pm 16/07/2024 (20 minute delay) ? |
| SYR (ASX) Chart |