Australia's largest stock trading and investment forum Australia's #1 stock forum

WTP

Click for more information

0.00%

91.0¢ watpac limited

Ann: Results of Scheme Meeting, page-8

First 8 Last

Share
Profile

Follow
roger53

245 Posts.

3

07/06/18

13:34

Post #: 33563335
Share

Originally posted by rustyoldboat ↑

It's funny. I honestly thought it would get up. I thought they had more institutional support than the votes suggest (only 67% of shares in favour but nearly 90% of individual voters in favour suggests there were some big holders who voted against).

Expecting that it would get up, I sold out 2/3rd of my holding between 79c and 85c, which seemed like a pretty good price given Besix were only paying 92c for 50%. Now that it is not going ahead I expect the price will fall back well below that. Actually I'm surprised there are still big buyers in the market above 70c, given where the price was before this all started.

Will be interesting to see what happens next.

Expand

Not one attempt to extract more from them, or at least no public rebuffal.

Now they say it's business as usual. Could have defended the offer and done that all along.

WTP Price at posting: 75.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

AXP

Tambourah chases gold veins and mineralisation extension with drilling

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

There are more pages in this discussion • 7 more messages in this thread...

First 8 Last

Add WTP (ASX) to my watchlist

SPONSORED BY