Well takeover prices are often based on a percentage above the average price for the preceding 3 -6 months, hence takeover agencies try to accumulate as much stock as possible with out pushing the price up to much. If I am correct, we are likely to see the price get pushed back down leading up to a formal TO offer which could be as low as 25c which will be 25% above the average. Personally I wouldnt be happy with anything sub 35c, but if they hold 40% of the stock, it wont be hard to make up the remaining 11% in order to push a low ball offer through.
Ann: Change in substantial holding, page-11
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Last
6.5¢ |
Change
-0.003(4.41%) |
Mkt cap ! $72.93M | |||
| Open | High | Low | Value | Volume |
| 6.5¢ | 6.5¢ | 6.3¢ | $58.24K | 897.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 190000 | 6.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.5¢ | 129578 | 2 |
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| Last trade - 15.38pm 10/09/2024 (20 minute delay) ? |
| IMA (ASX) Chart |