Auto,
Whatever migh thoughts about the takeover, both sets of assets are grossly underpriced atm, so I am hardly an eager seller of either.
COE is now clearly valued at less than the sum of it's parts, and an enlarged COE with little sp recovery from here would be also.
I guess a predator looking to a break up would prefer COE now. Even at 55 cps it would be more than justifiable on cash, PEL92/93 and franking credits. Whatever they did with or got for the Tunisian and Indonesian assets would be a bonus.
Therefore I prefer to exercise patience. With liquidity in both shares I don't really have any choice. There are sellers, but not willing sellers, at these prices.
EL
cooper on sale at 5 cents above cash, page-23
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Last
19.0¢ |
Change
-0.005(2.56%) |
Mkt cap ! $501.6M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 19.8¢ | 19.0¢ | $432.1K | 2.246M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 171440 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 188794 | 4 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| COE (ASX) Chart |