API is also a business. If you get a chance to have a look at their substantial holding register (14/12/2018 announcement), they did purchase a lot of shares above the $0.60 mark. API also has shareholders, I do not think it would in the best interest of their shareholders that they dump at $0.40 and call it a day. I would have thought, they would drip feed if they wanted to or find another potential substantial holder like Allan Gray/instos and the like at a discount. If you are a retail investor, you would not have access to the parcel I would have thought. Just food for thought.
Ann: API: Market update on API-Sigma merger proposal, page-9
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Last
$2.89 |
Change
0.110(3.96%) |
Mkt cap ! $2.300B | |||
| Open | High | Low | Value | Volume |
| $2.82 | $2.92 | $2.76 | $22.11M | 7.733M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 509791 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 226186 | 6 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| SIG (ASX) Chart |
