The thing to remember here is that this offer is the result of the collective wisdom of the BCI board.
It does not belong to Morgan alone. He probably did the hard yards in pulling the deal together, but it was the board that gave the ok for the offer to proceed.
As the MD, Mike Young made things happen. Morgan Ball seems to be carrying on that concept.
Morgan was quoted as saying " we can be disciplined in our assessment of growth opportunities and walk away from them quite comfortably if the metrics aren’t attractive for our existing shareholders."
He, and the rest of the board, obviously feel this is in the best interests of BCI shareholders.
It would appear that Kerry Stokes thinks it is in his best interests also.
Based on the collective wisdom of these people (who know a lot more about the deal than I do) I am very happy for it to proceed.
Posters missing, page-5
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Last
30.0¢ |
Change
-0.010(3.23%) |
Mkt cap ! $865.3M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 28.5¢ | $321.7K | 1.083M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7084 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 81225 | 3 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| BCI (ASX) Chart |