re: Ann: VIE: Viento notes Mariner's with... Already stated that the Viento directors weren't willing to sell their stake for such a low premium. If I recall correctly the original plan was to eliminate a few members of the current board by acquiring the 10% or so stake off ASIC or something along the lines of that. You can see where the MCX board was coming from though, Viento has over $200M of properties under management and there is huge potential for revenue stream there. Also taking into account the relatively low market cap of Viento ~7M it does seem undervalued by a long shot, but it's up to the directors discretion what to do with their assets, as the main objective of the board is to provide returns to their shareholders :)
- Forums
- ASX - By Stock
- MCX
- Ann: Viento notes Mariner's withdrawal of Tak
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MCX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Andy Udell, CCO
Andy Udell
CCO
SPONSORED BY The Market Online