Doubt it is a takeover - M&A activity right now is very subdued due to COVID-19 uncertainty and takeover speculation only pans out in a very small % of cases in my experience.
More likely a combination of 1) Reputable fundie increasing stake in company, 2) Realising company is significantly undervalued, probably linked to renaissance's vote of confidence and 3) bit of optimism regarding the COVID-19 situation carrying over from the US. We didn't rally yesterday with the rest of the market so this may be a bit of a 'make-up' rally.
All IMO
Ann: Change in substantial holding, page-9
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Last
71.0¢ |
Change
0.010(1.43%) |
Mkt cap ! $349.1M | |||
| Open | High | Low | Value | Volume |
| 70.0¢ | 72.3¢ | 70.0¢ | $223.7K | 314.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6756 | 70.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 71.0¢ | 5343 | 1 |
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| Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
| HUM (ASX) Chart |