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13.0¢ longtable group limited

Ann: Trading Halt, page-35

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Bearwolf

178 Posts.

24

28/02/19

14:57

Post #: 37605019
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Originally posted by Hiepn2_2005 ↑

Originally posted by Bearwolf
I'm not so sure about that. The entitlement to acquire the shares at 20c applies at a future record date and if the current shareholders believe in the long-term story then why would you sell? The same bright future applies now as it did yesterday with the acquisition of all of Maggie Beer Products contributing to substantial cost-efficiencies and further synergies. Remember, Maggie Beer is currently run as a separate company with one lot of corporate overheads and Longtable with another lot. With everything under the one roof, there will only be one lot of corporate overheads from now on. All the revenue and all the profit now flow to Longtable.
Perhaps the owners of the remaining 52%, approached LON to sell their remaining stake. LON saw it as a good opt to buy. Just a thought.

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Yes. The owners will still retain a substantial shareholding in Longtable as a group entity.

LON Price at posting: 33.5¢ Sentiment: Buy Disclosure: Held
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