IMO an offer below $500mill is too low, and won't be offered at this negative cash flow stage. A lower offer won't be easy to get past the significants.
Note that REA was already a significant holder of IPP, the takeover was bound to happen. REA holds nil RNT.
RNT have a niche market, let's go it alone, we have very capable management to bring this to positive cash flow late 2016/early 2017.
If your looking for the next merge, my bet is CAR puts an offer on ICQ (ICQ is also majority owned by captcha group, which owned IPP).
IMO an offer below $500mill is too low, and won't be offered at...
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 (20min delay)
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Last
2.6¢ |
Change
-0.001(3.70%) |
Mkt cap ! $22.17M | |||
| Open | High | Low | Value | Volume |
| 2.7¢ | 2.7¢ | 2.6¢ | $2.042K | 78.35K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 442029 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 140922 | 1 |
View Market Depth
| Last trade - 15.48pm 22/07/2025 (20 minute delay) ? |
| RNT (ASX) Chart |