bearish
Pacific Smiles' (PSQ AU) Scheme Vote: Say “aaaarrrghhhh”?!
625 Views12 Jul 2024 07:00
Trading at a 3.3/35% gross/annualised spread (at A$1.84/share as I type). I'm surprised it's trading this tight given the Genesis vote. This is not a bet I would take.
What is covered in the Full Insight:
- Introduction
- Details of the Scheme
- Independent Expert's Analysis
- Shareholder Register
- Conclusion
Boomeranged on Mon, 22 Jul 2024 09:14
HBF, with 10.03%, said it will vote in favour of the Scheme. Yet this transaction is effectively toast after Genesis announced the previous week it would vote its 19.9% stake vote against Crescent Capital/National Dental Care Offer's for Pacific Smiles (PSQ AU).
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