The special dividend and the sale of EXT (presumably at this stage) is to ward off Take overs on POLO
I have been looking for where I read this and cant find it but I will post when I do
If Polo sell there shares in EXT that will stop them getting taken out because that is their best asset. I believe they had more than one offer, that is why they got such a good price in comparison to the ASX market price
Harlee
itochu buying 10% of ext for us$170m?, page-20
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.74M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.1¢ | 1.0¢ | $40.15K | 3.739M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 8784157 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 1355583 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| EXT (ASX) Chart |