On the contrary fastenyourseatbelt....sold at $11 on Friday and pocketed a tidy profit....then got back in and out today and made a 4% gain in 20 mins....so I am extremely happy....this will be a yo-yo like AIO for a while and I will take advantage any move to $10.50 and below to make more money. Not going hold out for a takeover bid which may never come to fruition.
Anyone hoping for $16 in the current climate is dreaming....would equate to a PE ratio of 20 and not even China is going to throw that sort of multiple around. I think $12.50-$13 is more likly.....a premium of 40% to the 2 week average prior to the 24% rally on takeover approach confirmation. Not sure that will get deal done with Rathbone so let's wait and see.
sinochem could offer between a$12 and a$15, page-38
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Last
$3.76 |
Change
0.040(1.08%) |
Mkt cap ! $1.439B | |||
| Open | High | Low | Value | Volume |
| $3.74 | $3.77 | $3.71 | $2.028M | 541.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6456 | $3.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.77 | 3037 | 1 |
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| NUF (ASX) Chart |