ABY
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2.46% $1.04 adore beauty group limited

Ann: ABY Takeover Offer Unconditional, page-3

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  1. Ox270
    601 Posts.
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    16/02/16
    16:30
    Post #: 17033973
    no rush - the offer will likely be extended again. at this point Hindalco holds 51%, MLX holds 26% with 24% held by other minorities. If u accept MLX's offer u cannot accept a superior offer from others or buy out by Hindalco, if one comes.
    ABY is a pure copper play where MLX is a diversified metals player. Diversifieds tend to provide less explosive SP performance. At this point ABY is trading at bottom of cycle (hence MLX's interest).
    ABY would have to offer 2 Board positions to MLX based upon 26% holding. This should spice things up.
    I will be holding but would consider a cash offer much higher having sold some at $1.75 in 2011.
    DYOR.
    ABY Price at posting: 21.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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(20min delay)
Last
$1.04 		Change
0.025(2.46%) 		Mkt cap ! $96.30M
Open High Low Value Volume
$1.02 $1.04 $1.00 $15.83K 15.67K

Buyers (Bids)

No. Vol. Price($)
3 11000 $1.00
 

Sellers (Offers)

Price($) Vol. No.
$1.04 5090 1
Last trade - 16.10pm 27/09/2024 (20 minute delay) ?
ABY (ASX) Chart
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