That's the plan IMO. Not a new plan, he's been ruthless but smart. He just needs to rebid maybe 30-40% higher from 6 months when the bid expires. He only needs 14% roughly of the SOI to have 100% so if he bids $1 for the rest he's only paying $20-30 million more for a company that used to give him well over $15 million each dividend in more normal times. Then there is a lot more synergies in terms of debt refinancing, lack of ASX complications and more by taking it private. (Less headaches from retail holders of course too )
That's part of the reason I've come to the party. For the life of me I just can't understand why retail holders and funds were willing to throw in the towel at 84 cents. As you may know I only recently purchased shares but I plan to hold them till September and beyond.
Let's make the most of the situation and ensure all shareholders get a fairer deal out of this.
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That's the plan IMO. Not a new plan, he's been ruthless but...
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Last
84.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $289.2M |
Open | High | Low | Value | Volume |
84.0¢ | 84.3¢ | 84.0¢ | $6.284K | 7.48K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 111005913 | 84.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
84.5¢ | 120442 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 111005913 | 0.840 |
1 | 2200 | 0.800 |
1 | 65600 | 0.760 |
1 | 2200 | 0.700 |
2 | 28888 | 0.685 |
Price($) | Vol. | No. |
---|---|---|
0.845 | 120442 | 10 |
0.850 | 30737 | 13 |
0.855 | 2965 | 1 |
0.860 | 39255 | 5 |
0.870 | 36497 | 3 |
Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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