Well the price and volume action today indicates that the takeover is imminent. The story I heard is that AWB have applied for a banking licence so they can operate Elders Bank (currently part of FCL), and that this is to be OK'd by the Treasurer by mid-July, at which point they can announce the t/o bid.
I'm on board the train and hoping its an express. A $2.40 per share t/o price would seem like fair value to me, but I reckon the first bid will probably be around the $1.85 speculated in the press last month. Would be nice if their was another co putting in a rival bid to really bump it up.
cheers
toscanunan
final onslought before t/o, page-2
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Last
$1.35 |
Change
0.020(1.50%) |
Mkt cap ! $456.7M | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.39 | $1.33 | $201.9K | 150.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10331 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.37 | 404 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| FCL (ASX) Chart |