dwuuuu,
Why would NAB want the deal to proceed? I see two major issues from an institutional perspective:
1. The deal as it stands undervalues the asset. They are capable of comparing transaction and trading multiples.
2. Institutional investors are smart enough to understand that an asset sale is a poor outcome relative to a takeover of the entire company. They will have no interest in holding shares of a thinly traded cash box. They understand that a dollar in their hands is worth a dollar, yet a dollar in the post sale company will be worth at maximum 80 cents.
If you believe otherwise, I suggest you start loading up on the stock. At 25.5 cents, you clearly will be the only one doing so.
The price action seems to be indicative of a deal that will be voted down.
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so where are we actually at?, page-13
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Last
98.5¢ |
Change
-0.005(0.51%) |
Mkt cap ! $383.1M |
Open | High | Low | Value | Volume |
$1.00 | $1.02 | 97.5¢ | $2.106M | 2.128M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 11859 | 98.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
99.0¢ | 9115 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 11859 | 0.985 |
3 | 39975 | 0.980 |
6 | 105011 | 0.975 |
13 | 70018 | 0.970 |
5 | 55971 | 0.965 |
Price($) | Vol. | No. |
---|---|---|
0.990 | 9115 | 1 |
1.000 | 28976 | 4 |
1.005 | 56426 | 2 |
1.015 | 27000 | 2 |
1.020 | 50000 | 1 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
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