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The latest announcement is out from Reef Casino ( (AU:RCT) ).
Reef Casino Trust has lodged its Second Supplementary Target’s Statement with the Australian Securities & Investments Commission in relation to the off-market takeover bid for all its issued units by Iris Cairns Property Pty Ltd, as trustee for the Iris Cairns Property Trust. The document has also been served on the bidder and will be made available to unitholders, who are being informed via letter on how to access the updated target’s statement, marking the latest formal step in the ongoing takeover process and ensuring investors have current disclosures as they assess the offer.
The most recent analyst rating on (AU:RCT) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on Reef Casino stock, see the AU:RCT Stock Forecast page.
More about Reef Casino
Reef Casino Trust is an Australian listed trust that holds interests in the Reef Hotel Casino complex in Cairns, operating within the gaming and hospitality property sector. The trust is managed by Reef Corporate Services Limited as its responsible entity and its units trade on the Australian Securities Exchange under the ticker RCT.
YTD Price Performance: 1.14%
Average Trading Volume: 2,166
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$177.3M
See more insights into RCT stock on TipRanks’ Stock Analysis page.