Guys I'm out for now....sold at $11 today to bank a nice return. I think this Sinochem approach will take some time to progress and there is definitely some short term earnings pain as flagged today in the market update. If the takeover approach had not been announced the SP was heading down towards $8 IMO given the negative broker sentiment of late.
Will keep watching to see for a possible retracement in the next few weeks or so and target $10 for re-entry.
Good luck to all - particular those who have been holding through the pain!!!
sinochem could offer between a$12 and a$15, page-3
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Last
$3.92 |
Change
-0.070(1.75%) |
Mkt cap ! $1.500B | |||
| Open | High | Low | Value | Volume |
| $4.01 | $4.03 | $3.89 | $2.758M | 700.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6857 | $3.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.94 | 13413 | 3 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| NUF (ASX) Chart |