WGO has less bargaining power now because they have flagged to the market they are prepared to sell. You never extract maximum value when you do that which is why I was happy for STX to say publicly at least they intend to go all the way and transform the company into a billion dollar company. WGO are not in the PB for the long term which is why they didn't agree to the STX offer which has a longer term pay off for shareholders. WGO directors seem to want a short term walk away windfall profit and unless another offer comes out of left field I think they have shot themselves in the foot.
As time goes buy STX ground becomes more valuable so I cant see STX increasing offer substantially from hear.
Strike's Perth Basin vision becoming a reality, page-37
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Last
23.0¢ |
Change
0.005(2.22%) |
Mkt cap ! $659.0M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 23.5¢ | 22.5¢ | $1.742M | 7.573M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1201102 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 124339 | 7 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| STX (ASX) Chart |