Yes a rerate will change the valuation of the company and result in higher offers. Using the evidence available to us, BP offers would be within a certain percentage of the share price. That is the point. I just used Hunters $30 as an example.
RAC - Charts & Price Action, page-20715
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 (20min delay)
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Last
$1.66 |
Change
-0.015(0.90%) |
Mkt cap ! $285.4M | |||
| Open | High | Low | Value | Volume |
| $1.69 | $1.69 | $1.65 | $14.67K | 8.817K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 615 | $1.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.67 | 400 | 1 |
View Market Depth
| Last trade - 11.30am 13/09/2024 (20 minute delay) ? |
| RAC (ASX) Chart |