Guys
After reading tonight's AFR update ( Afr is pretty good south it's sources)
And re reading ROCs ann , it seems to me ROC is involved in the transaction but I doubt the are themselves pursuing a TO . So most likely Roc may be offered the beibu assets as part of the change of control ten action and a bigger company will acquire gas assets . I doubt roc want Maari ( although OMV might )
Many reasons to suggest roc is not the one launching a TO
1. Size of ROC vs size of HZN
2. Rocs stipulated focus ( gas and NZ not in target areas or expertise )
3. The actual differences in ROCs vs HZN wording. Roc talk about possible announcement relating to ROCs 'involvement " in possible transaction
If I were a bidder or HZN for its gas assets , It would make shed to on sell Beibu and Maari to JV partners , thereby reducing the cost of acquisition and making transaction value accreditive . I would suggest Beibu could command about 140-150 m Maari 100 m meaning acquirer could make a bid for 600m pay only pay 350 m for gas assets
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Last
18.5¢ |
Change
-0.010(5.13%) |
Mkt cap ! $300.2M |
Open | High | Low | Value | Volume |
19.0¢ | 19.0¢ | 18.5¢ | $210.4K | 1.108M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
45 | 1725106 | 18.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.0¢ | 235956 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
45 | 1725106 | 0.185 |
31 | 2127822 | 0.180 |
11 | 186398 | 0.175 |
12 | 264839 | 0.170 |
6 | 57060 | 0.165 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 235956 | 2 |
0.195 | 318048 | 5 |
0.200 | 2064788 | 20 |
0.205 | 1613298 | 17 |
0.210 | 589048 | 5 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
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HZN (ASX) Chart |