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.
dwuuuu,Why would NAB want the deal to proceed? I see two major...
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Last
$1.33 |
Change
0.085(6.85%) |
Mkt cap ! $515.3M | |||
| Open | High | Low | Value | Volume |
| $1.24 | $1.34 | $1.24 | $4.618M | 3.557M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 45000 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 3824 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| CHN (ASX) Chart |