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Activists prove value in OneMarket review

The strategic review unveiled by OneMarket - sparking a 19 per cent share price rally - shows what happens when receptive boards lend an ear to shareholders.

Robert Guy

The 19 per cent surge in the share price of technology play OneMarket proves investor activism can pay off handsomely.

That the art of persuasion - coupled with hefty licks of stock - can be translated into healthy share price gains was underscored when the beleaguered Westfield spin-off announced a strategic review of "options to maximise value".

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Robert writes on companies and markets. He is a former New York and Shanghai correspondent, and has worked in Hong Kong. Email Robert at robertguy@afr.com.au

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    Original URL: https://www.afr.com/markets/equity-markets/activists-prove-value-in-onemarket-review-20190828-p52lki