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
82.5¢ |
Change
-0.015(1.79%) |
Mkt cap ! $284.0M |
Open | High | Low | Value | Volume |
83.0¢ | 83.0¢ | 82.0¢ | $14.54K | 17.53K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 22964 | 82.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
83.0¢ | 33789 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 22964 | 0.825 |
2 | 2860 | 0.820 |
2 | 14400 | 0.805 |
3 | 13919 | 0.800 |
3 | 23527 | 0.790 |
Price($) | Vol. | No. |
---|---|---|
0.830 | 33789 | 1 |
0.845 | 100 | 1 |
0.850 | 19092 | 6 |
0.860 | 19091 | 3 |
0.870 | 34275 | 2 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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