It would be dumb not to steal someone elses if one could, he is giving it a crack and so he should. Perhaps if he acquired IPM he couid farm down more of the international portfolio, and thus reduce risk.
For a long time we have been questioning why he has sat on the cash, surely you have to say this move is wise and a good use of cash. I would have preferred a higher cash component
Like we had no idea what he was upto when he wouldnt commence a buy back or pay a dividend his motives are also unknown. He is aware of the director share ownership so surely he has a plan.
This move has increased my faith in the COE management and whether the execution is succesful time will tell.
EL I have a question for you - What price would you except for your IPM shares?
takeover offer for ipl, page-37
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Last
20.5¢ |
Change
-0.010(4.65%) |
Mkt cap ! $541.2M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 21.5¢ | 20.5¢ | $948.2K | 4.560M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 2093607 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 318077 | 4 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| COE (ASX) Chart |