I would suspect its just a blocking stake, in case the Scott Family decide to sell to a multinational, Linfox has a say in what happens. Linfox also has a circa 15% holding, via Alljet, in ASX:CHR which i suspect is for the same reason. It would not be in Linfox's interest for either of these (mainly KSC) to be owned by someone like QUBE, Kuehne & Nagel, Mainfreight, etc. Also in the back of my mind is that perhaps the descendants of Alan Scott are now feeling like they would like to receive the spoils of is work in cash rather than in shares?
Linfox buys in, page-7
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Last
$3.52 |
Change
0.000(0.00%) |
Mkt cap ! $477.6M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2 | $3.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.50 | 1 | 1 |
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| Last trade - 09.55am 01/10/2024 (20 minute delay) ? |
| KSC (ASX) Chart |
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