IOOF would make sense. They already control Ord who use Hub and they also own Lonsdale, who largely use BT for their platform. They also have Bridges and Shadforths, so plenty of equity oriented advisers who could use Hub.
I suspect the IOOF platform is not as robust or flexible as Hub so this is strategic.
The indication is a cash bid. Given the indifferent share price of IOOF over many years and a class action hanging over it, That is also logical.
Not much of a premium offered initially. The market is discounting it. The share price has run up somewhat ahead of the game I suspect but Hub is only capitalised at just over $100m.
Interesting times.
Ann: Receipt of Indicative, Non-Binding and Conditional Proposal, page-7
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Last
$74.36 |
Change
0.795(1.08%) |
Mkt cap ! $4.657B | |||
| Open | High | Low | Value | Volume |
| $74.75 | $74.83 | $73.90 | $6.182M | 83.08K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 56 | $74.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $74.36 | 20 | 4 |
View Market Depth
| Last trade - 12.19pm 22/11/2024 (20 minute delay) ? |
| HUB (ASX) Chart |
