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$10.01 origin energy limited

yes I have holding 50,000 and family have holding 7000....

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Odds&Evens

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24/10/23

10:06

Post #: 70499476
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Originally posted by Downanout: ↑

Yesterday, 23 Oct, I received a call from the company enquiring about my voting intentions.
Such calls are not that unusual in takeovers.

However it is an indication that they are not certain that they have approval of the takeover in the bag.
I hold less than 0.0005% of the company, so bothering to try to convince me to vote yes smacks of a degree of uncertainty or desperation.

Have others received such phone calls?

I said that I was still thinking about how I would vote, but that I am puzzled as to why the market price is holding above the value of the offer.
Given the effect of arbitrage holding costs, if the takeover is a certainty, the market price should now be slightly below the value of the offer price.
Evidently, Mr Market's weighted opinion is that it isn't a certainty.

Cheers

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yes I have holding 50,000 and family have holding 7000. Interesting

ORG Price at posting: $9.19 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $10.01		Change 0.000(0.00%)		Mkt cap ! $17.24B

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
8	3570	$11.01

Sellers (Offers)

Price($)	Vol.	No.
$9.51	3298	3

View Market Depth

No.	Vol.	Price($)
8	3570	11.010
3	5281	10.510
4	963	10.340
4	5577	10.320
4	2761	10.310

Price($)	Vol.	No.
9.510	3298	3
9.720	505	2
9.740	2815	1
9.890	353	1
10.000	223	1

Last trade - 09.45am 22/05/2024 (20 minute delay)

ORG (ASX) Chart

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