I agree with your general sentiment. We wouldn't want PLS to be distracted from what they are doing well. But it is an opportunity to expand their footprint in Australia (which I think should be core to their strategy - and agree that their current expansion plans also address this). However they can get CXO at bargain basement price. I guess the approach would be to set up a specific business unit to focus on CXO.
PLS takeover CXO, page-4
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $224.3M | |||
| Open | High | Low | Value | Volume |
| 9.8¢ | 10.8¢ | 9.6¢ | $1.222M | 11.93M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 50 | 3180868 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 1951653 | 28 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| CXO (ASX) Chart |