Just thinking out loud here;
Tata is ACE's biggest customer with a 10 year contract with $30 million sales in the first 3 years as forecast from their October 2008 media release.
Could Tata take advantage of their liquidity problems and think about a buy out of the company at say 10 cents a share? That would only cost them around $20 mil to own the IP outright ultimately using it to leverage of their connections in other overseas auto markets.
Who would take 10 cents? Would the board be in a position to defend something like this happening?
Interested to know others thoughts since it is so quiet on the ACE forum
Just thinking out loud here;Tata is ACE's biggest customer with...
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Last
92.0¢ |
Change
-0.005(0.54%) |
Mkt cap ! $128.9M | |||
| Open | High | Low | Value | Volume |
| 92.0¢ | 92.0¢ | 92.0¢ | $57.15K | 62.12K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 70000 | 91.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 92.0¢ | 21901 | 1 |
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| Last trade - 15.26pm 22/08/2025 (20 minute delay) ? |
| ACE (ASX) Chart |