Australia's largest stock trading and investment forum Australia's #1 stock forum

RLT

Click for more information

5.15%

92.0¢ renergen limited

Stefano's Tweets, page-296

First 296 Last

Share
Profile

Follow
Fat Harrys Cat

5,104 Posts.

1085

26/07/21

11:24

Post #: 54771120
Share

Originally posted by kansaskiwi: ↑

Hard to do by stealth, over 5% and they would need to disclose to the market.

Also, the 20% rule provides that a person cannot acquire voting securities if that acquisition would result in that person's voting power in the company exceeding 20%. This is unless the acquisition is through one of the exceptions.

The three usual exceptions to the 20% rule that are relied on by companies that want to get control of a company are an on-market takeover bid, off-market takeover bid and scheme of arrangement.

These all have different features (some are self explanatory), but the bottom line is it is not something that can be a ‘tada’ magic hat where several top holders sold their shares off in a back room deal for a premium which blindsides everyone else.

I am not sure about JSE as this is dual listed though.

Aside from these protections I am pretty confident that the tightly held register will continue for the meantime given fundamental upside.

I hope that helps.

Expand

Thanks Kansaskiwi; much appreciate your time and effort!
Cheers,
FHC

RLT Price at posting: $1.65 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

SER

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

Why are so many ASX explorers setting up shop in Saudi Arabia? + 8 stocks to watch

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

The Rising Tide: How institutional adoption is shaping the future of crypto

FXG

What on earth is antimony – and why are ASX traders going crazy for it? + 6 stocks to watch

There are more pages in this discussion • 1,234 more messages in this thread...

First 296 Last

Add RLT (ASX) to my watchlist

(20min delay)
Last 92.0¢		Change -0.050(5.15%)		Mkt cap ! $27.89M

Open	High	Low	Value	Volume
96.5¢	96.5¢	92.0¢	$2.414K	2.573K

Buyers (Bids)

No.	Vol.	Price($)
1	150	90.0¢

Sellers (Offers)

Price($)	Vol.	No.
$1.01	1769	1

View Market Depth

No.	Vol.	Price($)
1	150	0.900
1	1123	0.890
1	2000	0.860
1	5000	0.855
1	25000	0.850

Price($)	Vol.	No.
1.005	1769	1
1.010	2000	1
1.015	2776	1
1.020	25000	1
1.035	25000	1

Last trade - 11.29am 28/08/2024 (20 minute delay)

RLT (ASX) Chart

SPONSORED BY