I really don't understand this situation at all.
It's difficult to beleive that GIP was in such fire-sale mode and desperate for cash that they'd sell at any price. Given Gandel owns a large chunk I'd be surprised why he'd agree to such value destruction. Given that GIP's not capped at much even a couple of hundred k difference is significant.
That can only lead me to believe no one else was interested (or they were but at lower than 4.4c). Given GIP is exiting I wouldn't have thought they cared who the shares went to.
Yet it looks like SRZ will trade up at 7c this morning. Despite evidence that no strategic buyer would pay more than 4.4c.
What am I missing here?
Ann: Becoming a substantial holder , page-10
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Last
1.6¢ |
Change
-0.001(5.88%) |
Mkt cap ! $34.31M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.5¢ | $37.72K | 2.414M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2812544 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 143828 | 2 |
View Market Depth
| Last trade - 15.32pm 18/11/2024 (20 minute delay) ? |
| SRZ (ASX) Chart |
