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1.89%

27.0¢ genex power limited

"JPower dont have enough votes if the majority of shareholders...

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jm3767

938 Posts.

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13/05/24

17:31

Post #: 73802112
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Originally posted by Martin82: ↑

Interesting it is critical infrastructure. Projects like this wont look as good if they are in the hands of foreign companies.

Will be interesting come time to vote. Dont think there is alot of enthusiasm for this TO. By the time July comes around there will be about 6 months before the hydro is completed and the money from Energy Australia starts to come in. BBP is making some good cash aswell as the other wind/solar projects.

Before voting one must calculate the approx MC of Genex with expected revenue from these projects.

Im no mathematical genius but its worth more than 27 cents.

One must also factor the potential for dividends in a few years.

After watching that webinar yesterday feel the vibe that Genex board arent overly excited by this proposal. Seems to be with any TO the board will recommend it if it is a premium to the SP.

My impression is that the company is still focused on Bulli Creek and the future.

JPower dont have enough votes if the majority of shareholders hit the NO button.

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"JPower dont have enough votes if the majority of shareholders hit the NO button. "

Are not JPower & their shares excluded from voting at a SOA meeting?

GNX Price at posting: 27.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 27.0¢		Change 0.005(1.89%)		Mkt cap ! $373.9M

Open	High	Low	Value	Volume
27.0¢	27.0¢	26.8¢	$474.0K	1.762M

Buyers (Bids)

No.	Vol.	Price($)
48	32508043	26.5¢

Sellers (Offers)

Price($)	Vol.	No.
27.0¢	707371	14

View Market Depth

No.	Vol.	Price($)
46	30481636	0.265
7	6108600	0.260
1	40000	0.255
1	10000	0.250
1	5000	0.245

Price($)	Vol.	No.
0.270	707371	14
0.275	3421031	26
0.280	1907343	12
0.285	94636	3
0.290	29478	3

Last trade - 16.10pm 11/06/2024 (20 minute delay)


Last 26.8¢			Change 0.005 ( 0.00 %)
Open	High		Low	Volume
27.0¢	27.0¢		26.8¢	622922
Last updated 15.51pm 11/06/2024 ?

GNX (ASX) Chart