What is the mystery here? This is the market doing its thing and people have different opinions on value.
1. We have Origin fans:
For example the many large, well informed investors that value Origin at over $9.43/share (e.g. Brookfield, EIG, AusSuper and reportedly Perpetual).
2. We have Origin pessimists:
Some people on these boards have claimed the share price might drop to $5-6/share range if offer was rejected.
3. We have the current market price
The market has currently decided something around $8/share is fair.
You make up your own mind if the market is right or wrong on the share price.
But if it is going to trade at around $8/share after a bid falling over I think it backs the view that the offer of $9.43/share (+18%) was too low and not a sufficient premium for a takeover offer and control.
A Mystery, page-13
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Last
$10.08 |
Change
-0.010(0.10%) |
Mkt cap ! $17.36B | |||
| Open | High | Low | Value | Volume |
| $10.09 | $10.18 | $10.05 | $22.02M | 2.180M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 21607 | $10.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.08 | 3701 | 2 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$10.09 |
Change
-0.010 ( 0.36 %) |
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| Open | High | Low | Volume | ||
| $10.09 | $10.18 | $10.05 | 824023 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| ORG (ASX) Chart |