NAM 0.70% 71.0¢ namoi cotton limited

personally was expecting 3mths enough to get something non...

  1. 79 Posts.
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    personally was expecting 3mths enough to get something non binding floated. Not final but at least show proof of progress.

    Read the strategy announcement the same way pushing for sale. Clearly ST applying significant influence but seeing it as seperate issues, Namoi and ST holding. ST could possibly sell to LD or another party like Australian food and fibre (AFF) and walk they would need a premium though… Namoi has said they want to explore industry consolidation which is a whole company transaction. LD have been happy just ticking along over the past two decades of ownership, I would say asleep in the passenger seat. ST coming along with raising extra capital, removing substantial shareholder cap, getting a board seat has shaken things up which is why I’m a holder and buyer. LD was very late to the party only recently increasing there share holding they should have done it much much earlier.

    I’d be very disappointed if the board did not follow through with a whole company transaction at a significant increase to the current price. I’m betting on it…

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Last trade - 16.10pm 17/05/2024 (20 minute delay) ?
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