imo You can't rule out a cap raising as this management have runs on the board for destroying small shareholders value and it would be a great opportunity for the cashed up substantial holders to average down. On the other hand this has a feel of possible offer. Partial sale to WPL or WPL 19.9% share/equity injection maybe or a takeover. I think WPL has some involvement especially noting the amicable results of PE costs. Merger another possibility which would be best result as WPL would want to trump any such deal.
Why are people Buying now?, page-3
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Last
50.0¢ |
Change
-0.015(2.91%) |
Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 51.0¢ | 51.0¢ | 50.0¢ | $13.38K | 26.64K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 99993 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 314682 | 3 |
View Market Depth
| Last trade - 15.44pm 08/11/2024 (20 minute delay) ? |
| FAR (ASX) Chart |