CIMIC might launch another bid but it won't be any time soon (~6 months). They've declared the offer final and said it won't be extended so ASIC won't look favourably on another offer any time soon.
The 6% block trade yesterday appears to be 3rd Wave Investors (a Perth hedge fund) selling out of their 6% stake. According to MAH, Forager purchased at least some of that - MAH wouldn't have made that claim unless they've spoken to Forager.
I know it's kind of stating the obvious, but it's looking extremely unlikely the bid will go ahead. And CIMIC should be down to around 15% after the dilution.
Tale of the Tape, page-8
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MAH (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
27.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $592.6M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 28.0¢ | 27.0¢ | $707.0K | 2.553M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.5¢ | 129538 | 5 |
View Market Depth
| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| MAH (ASX) Chart |