Hi,
Regarding takeover potential - You are right in so far as the Share register is wide open, but it would take a very special kind of bidder to be interested, because Alcoa owns 60% of the AWAC venture even though they don't own any AWC (AWC owns 40% of AWAC. So Alcoa would by far, be the most logical suiter. Anyone else would have a lot to work through and would be buying control of something they wouldn't have control of.
Just FYI - The 2 largest shareholders in AWC are Perpetual (PPT) and Shroders, both with just over 5% each.
But here's the kicker Just under 5% of the entire AWC stock is shorted at this time! And that doesn't account for Shorts that aren't reported and derivative positions.
However, we might have to be patient. Its a good one IMO.
Hi,Regarding takeover potential - You are right in so far as the...
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Last
$1.68 |
Change
0.070(4.36%) |
Mkt cap ! $4.860B | |||
| Open | High | Low | Value | Volume |
| $1.65 | $1.68 | $1.64 | $32.29M | 19.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 204640 | $1.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.68 | 83844 | 2 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| AWC (ASX) Chart |