No I agree; I don't really see their angle given assimilating VEI's leverage is not actually a synergy.
Then again, I think it's sort of stupid that managers of ASX300 companies want to play Warren Buffett with their excess cash flow when they should be focusing on improving their own performance.
Clearly, buyout or no buyout, VEI is a better prospect now with the capital raising. I just hope that the $10m not being used to pay down the debt evaporates in some compensation scheme...
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Last
$1.38 |
Change
-0.015(1.08%) |
Mkt cap ! $1.212B | |||
| Open | High | Low | Value | Volume |
| $1.41 | $1.41 | $1.38 | $1.410M | 1.012M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9135 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 8495 | 2 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| HLS (ASX) Chart |
