Nothing was lost with declining Senex as AWE is now worth more...

First 14 Last

Share
Profile

Follow
trimilleniad

495 Posts.

33

08/12/17

21:25

Post #: 29498933
Share

Originally posted by db76 ↑

If you have owned AWE for more than a few years you will know how much shareholders equity
They have flushed down holes especially their NZ ventures.

The bidder knows shareholders want an exit

Their offer at 73cps a 36.8% premium to the 30d VWAP
Is consistent with successfull takeover history

Problem I see is that their conditions make it Easy for the AWE board to thwart it
Why would they do so?
CERCG rightly points out that in the past 4 years two bids have not been presented to Sh

with the sp equal to the bid it shows that they are hoovering up shares on market

You could sell out on Monday - some or all shares
Could keep some just in case a higher offer comes in

Their estimate of potential Waitsia 2P of 500pj is a surprise to me
Why would they point that out to Sh. To illustrate that management hasn't evaluated it properly?
Or that they can monetise that amount so are a player.

Alternative would be BPT throwing a Scrip bid in the ring at $1 equivalent
Might cause a response from CERCG or they walk away again

You have to wonder why the board is not keen to get AWE sold at a premium to the underwhelming sp so far.
The Risks raised by CERCG are valid imo and rather than us be exposed give them to CERCG at the premium they offer

Expand

Nothing was lost with declining Senex as AWE is now worth more than the 1.9X that Senex were offering. Sometimes it is good thing to decline a poor deal.

AWE Price at posting: 73.0¢ Sentiment: Hold Disclosure: Not Held
1 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

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

CXM

'Taking money from the market': Garbage giant cleans up as this week's Hot Stock tip

WC8

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

There are more pages in this discussion • 14 more messages in this thread...

First 14 Last

Add AWE (ASX) to my watchlist

Nothing was lost with declining Senex as AWE is now worth more...

Top Stories

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

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

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

'Taking money from the market': Garbage giant cleans up as this week's Hot Stock tip

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