Hope it all turns out well!
The big difference in your investment approach compared to Axiomax and a lot of others is that it appears you would be satisfied with an exit price at a 50% premium to current prices.
Axiomax and others are thinking there is a lot more inherent value in the business, where a value at over $1 a share is more appropriate.
Hence the risk of some shareholders accepting a PRY bid such as yourself, where others don't, leading to the risky position of a substantial interest in the stock held by PRY which provides PRY with 'de facto' control (similar to the West Australian Newspapers situation) and therefore a permanently low PE multiple on an ongoing basis.
Its a big issue for the long term holders of VEI and those that care about long term value appreciation.
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Last
$1.37 |
Change
0.025(1.87%) |
Mkt cap ! $1.212B |
Open | High | Low | Value | Volume |
$1.37 | $1.37 | $1.36 | $108.0K | 79.37K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 24142 | $1.36 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.37 | 13386 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 39836 | 1.650 |
4 | 64577 | 1.645 |
1 | 17980 | 1.640 |
1 | 32000 | 1.635 |
1 | 32130 | 1.625 |
Price($) | Vol. | No. |
---|---|---|
1.665 | 4665 | 2 |
1.670 | 17980 | 1 |
1.675 | 48784 | 2 |
1.680 | 17298 | 3 |
1.690 | 8284 | 3 |
Last trade - 10.18am 26/11/2024 (20 minute delay) ? |
HLS (ASX) Chart |