Can't see it being a block for accumulation. More than likely it is the second largest shareholder, COL Capital looking to sell down its holding - it already sold 35mil to Allied Properties recently at 7c but they can't buy anymore in the next five months as they've already bought the 3% allowed under the creep provisions of the Takeovers Act.
It would be good to see TAM use $4mil of their cash to buy back shares but somehow doubt this will happen.
Potential takeover bidders(in my book) are: Allied Properties for cash(lowball bid), NST for cash or scrip(best bid for shareholders) or DRA for scrip(might be good if DRA lists on HK exchange).
Waiting for an offer from NST or maybe another party in 2017, page-3
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Last
2.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $37.60M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 2.9¢ | 2.8¢ | $40.13K | 1.422M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1052557 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.9¢ | 500000 | 1 |
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| Last trade - 12.13pm 28/11/2024 (20 minute delay) ? |
| TAM (ASX) Chart |
