y0jimbo - this has been speculated on a couple of times over the years. Now I am far from an expert, but my feeling is that it won't happen at this point in time . Adrian DiMarco and John Mctaggart hold roughly 26% ( although they did sell 3m shares (1%) back in November on market). I would think only if they are willing to sell will it happen. Hypernion hold around 12%.
At a prospective P/E multiple of around 40 it would be a big price for any suitor.
But let's face it, TNE is a great company and anything is possible.
I guess at some stage up the track it will happen.
but DYOR
Riv
TNE becoming a Target Company???, page-19
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Last
$26.57 |
Change
-0.120(0.45%) |
Mkt cap ! $8.663B | |||
| Open | High | Low | Value | Volume |
| $26.42 | $26.77 | $26.33 | $10.84M | 407.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2814 | $26.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.67 | 71 | 1 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| TNE (ASX) Chart |