Hi Rocket973,
MLX currently have 2.36% of ABY, which is a long way from 20%.
Assuming that the majority shareholder won't sell their stake then MLX will have to suck up a large percentage of the free-float, c. 40% to achieve this 20% requirement.
However, if you're confident that they will achieve that level, or waive that requirement, then you're on-the-money and a good way to pay 90c for $1.02 as it currently stands.
Assessing the risk-reward of getting stuck with ABY if MLX pulls out vs. the profits from c. 13% arb is a judgement call ...
Cheers
John
What's the strategy with this move, page-6
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Last
43.0¢ |
Change
-0.025(5.49%) |
Mkt cap ! $385.5M | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 44.5¢ | 42.5¢ | $679.3K | 1.563M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 187353 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 15288 | 2 |
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| Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
| MLX (ASX) Chart |