I'd love to hear other posters' opinions as to the rationale behind the current takeover bid, as I can't for the life of me see that it makes any sense to sell at the offered price. I can only conclude that this is an opportunistic bid, but can't imagine that many shareholders would find it compelling.
Having patiently held my shares for a number of years I believe that the Company has been professionally run and has been steadily increasing in value. I can also see the prospect of further SP growth with the programs that are presently in place.
I received a 'ring around' call on Thursday asking about my intentions with regard to the bid, and had no hesitation in responding that I have no intention of selling out at or close to the current price.
Perhaps those who find the offer attractive might care to share their rationale?
Why?
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Last
$3.70 |
Change
-0.010(0.27%) |
Mkt cap ! $3.335B | |||
| Open | High | Low | Value | Volume |
| $3.78 | $3.78 | $3.69 | $2.699M | 727.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11138 | $3.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.72 | 4128 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| SMR (ASX) Chart |