I don't think it's unnecessary journalism, I actually entirely agree the disclosure was poor (maybe crappy is a bit harsh!) by not mentioning the price nor type of offer.
How to explain the apparently very specific % gain in the share price when even an indicative price is not public knowledge?
Sure you could have a 'educated guess' at what a typical premium might be, but the SP went to ~$1.40 almost instantly after trading pause ended and has stayed there abouts.
That looks fishy to me, namely that some in the know have inside knowledge and are trading on that.
The rest of us (or maybe it's just me!!) don't have a clue what premium, albeit highly conditional, is even on the table.
Requesting a trading pause / halt, then saying yes there's a takeover offer but there's no further detail makes little sense.
Just my 2c
DJ.
- Forums
- ASX - By Stock
- QIP
- Ann: Pause in Trading
Ann: Pause in Trading, page-18
-
-
- There are more pages in this discussion • 13 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 QIP (ASX) to my watchlist
|
|||||
Last
$1.80 |
Change
-0.005(0.28%) |
Mkt cap ! $254.3M |
Open | High | Low | Value | Volume |
$1.82 | $1.82 | $1.80 | $399.5K | 221.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 139489 | $1.80 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.81 | 33973 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 139489 | 1.800 |
6 | 914000 | 1.795 |
4 | 612473 | 1.790 |
1 | 386 | 1.500 |
1 | 3000 | 1.200 |
Price($) | Vol. | No. |
---|---|---|
1.805 | 33973 | 2 |
1.815 | 55558 | 4 |
1.825 | 2600 | 1 |
1.830 | 15000 | 1 |
1.845 | 6500 | 1 |
Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
Featured News
QIP (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & MD
Charles Armstrong
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online