I posted sometime back about the perils of Directors not giving shareholders the chance to decided whether an offer is good enough or not.
I am not sure how I interpret the announcement and am unsure whether it was knocked back on account of uncertainty of an offer or because the price is too low. If Archer came back with unconditional 52 cents, would they still regard it as undervalued? Bear in mind that all oteher questions about relationships etc could have to come out in Part B Offer Documents.
Ignoring the uncertainty of the offer aspects, as the Directors believe that 52 cents signficantly undervalues the business, I would expect to see a raft of director notices re share buying or alternatively, wonder whether there is still something in the wind that precludes that happening.
I am long and holding.
- Forums
- ASX - By Stock
- BOL
- spurned takeover
spurned takeover
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BOL (ASX) to my watchlist
|
|||||
Last
15.0¢ |
Change
0.008(5.26%) |
Mkt cap ! $63.37M |
Open | High | Low | Value | Volume |
14.5¢ | 15.0¢ | 14.3¢ | $28.19K | 195.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 72739 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 1140877 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 72739 | 0.140 |
2 | 12786 | 0.135 |
3 | 211000 | 0.125 |
2 | 8340 | 0.120 |
1 | 19317 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 1140877 | 9 |
0.155 | 641148 | 4 |
0.160 | 505137 | 5 |
0.170 | 58548 | 2 |
0.175 | 21280 | 3 |
Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
Featured News
BOL (ASX) Chart |
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online