liquidty with PMV is the issue for everyone, just have a look at buy/sell depth.
liquidty and coverage by brokerage houses will improve once the t/o is finalised.
imo this is now a good trading stock, buy on the down days as I did yesterday and flick some out on the up days again as I did today, knowing that you can accept the t/o offer which I have valued (23rd July) as follows:
If PMV was to get 100% acceptance this would increase the shares on issues of PMV by 50,332,720 to 140,520,182 (55.81%).
The value of the offer is (excluding the 15c if bid reaches 90% level,)
Above 50% acceptance PMV Last Traded at $7.10
$2.095 + $1.775 (0.25 PMV Share) + 6.4c (PMV dividend includes Franking) this equates to $3.93 per share
Liquidity discount of 10% last trade of $7.10 equates to $6.39
$2.095 + $1.598 (0.25 PMV Share) + 6.4c (includes Franking) this equates to $3.75 per share
Though I hold a small pacrel of shares (30,000) with the intent of accepting the t/o offer, as this makes sure I do not lose focus on this company.
D: I hold
PS Nice trade went through for 4.6mil shares
Cheers
Clever1
JST
just group limited
