It goes to show that the efficient market hypothesis doesnt work....it states that all known info will be factored into stock prices immediately....Well the offer is on the table - yes, I know, it is non binding - but the offer of $1.42 is on the table and the market is yet to close out the price gap between $1.42 and the current price of around $1.15.
Money for jam here. There is a 23% profit waiting to picked up by buying at $1.15 for example and expecting to sell at $1.42. This strategy doesn't even entertain the idea of bids going in excess of $1.42.
Two bidders could turn into 3 or even 4 - you just never know.
Declaration: I hold. I played the same game with CWK earlier this year. Bought in at 80 cents and sold out at $1.01 on the back of a takeover offer.
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Last
9.1¢ |
Change
0.006(7.06%) |
Mkt cap ! $49.33M |
Open | High | Low | Value | Volume |
9.1¢ | 9.2¢ | 8.7¢ | $32.28K | 356.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 89085 | 9.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.5¢ | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 89085 | 0.090 |
1 | 50000 | 0.089 |
2 | 13112 | 0.080 |
1 | 6700 | 0.075 |
1 | 4000 | 0.068 |
Price($) | Vol. | No. |
---|---|---|
0.095 | 20000 | 1 |
0.099 | 83367 | 1 |
0.105 | 47619 | 1 |
0.135 | 3800 | 1 |
0.150 | 155132 | 1 |
Last trade - 15.59pm 18/10/2024 (20 minute delay) ? |
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