$69 postpage LB

Spookfish Ltd.’s stock skyrocketed on takeover news

  • July 27, 2018 06:36 AM AEST
  • Team Kalkine
Spookfish Ltd.’s stock skyrocketed on takeover news

EagleView to Acquire Spookfish: Spookfish Ltd.’s (ASX: SFI) stock skyrocketed 47% to A$0.075 on July 27, 2018 (before market close) after the company announced about receiving a takeover proposal from Eagle View Technologies, which is the company’s largest shareholder. EagleView is also the leading provider of high-resolution aerial imagery through patented image capture techniques, 3D aerial measurement software and machine learning processes. Eagle View Technologies has agreed to acquire all shares not owned by them for a cash price of 8 cents per share. This is approximately 56.9% premium to the last close price of 25th July 2018 and will lead to the valuation of SFI’s fully diluted equity to approximately A$121.6 million. EagleView currently holds approximately 10.46% of the issued ordinary shares in SFI. Euroz Securities Limited is acting as financial adviser and Clayton Utz as legal adviser to SFI regarding the Proposal. Moreover, this proposal will be implemented by a scheme of arrangement and is subject to standard regulatory conditions. The regulations that need to be fulfilled include approval from the Australian Foreign Investment Review Board (“FIRB”), certain specified arrangements not being terminated or amended (or any rights under those arrangements being waived), and other customary conditions. Meanwhile, SFI stock has risen 10.87% in three months as on July 26, 2018.

Gold MTF non-AMP

SFI.pngAn indicative timetable for the Scheme (Source: Company Reports)

[pluginops_form template_id='23834' ]  

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


Disclaimer

The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

 

 


Disclaimer
The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.

 

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK